01 July 2015
While selling a property, which value should be taken to calculate capital gains? Guideline value or Market Value? In this case Guideline value is Rs.500000 & Market value is Rs.200000 only?
01 July 2015
It would be actual consideration or guideline value whichever is higher. But if the guideline value is so much more than market value then it should be brought to the notice of the authorities for the purpose of review of guideline values.
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