What are the methods to determine the cost of acquisition (MARLET VALUE) of land and building as on 01-04-1981 for purpose of Capital gain, if the property registrat value are very low or in the absence of market value available with them.
vikram (Employee) (24 Points)
28 February 2015What are the methods to determine the cost of acquisition (MARLET VALUE) of land and building as on 01-04-1981 for purpose of Capital gain, if the property registrat value are very low or in the absence of market value available with them.
Mihir
(Wealth Manager)
(5293 Points)
Replied 01 March 2015
You may contact a Govt registered valuer who may give you a certificate showing the market value of the given property as on 1-4-1981. This certificate is valid even in the eyes of IT dept.
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