Alternate of Jantri

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When calculating Long Term Capital Gains (LTC) on land sales, the Jantri value might not be readily available. This discussion explores alternative methods for determining the cost of the property as of April 1st, 2001. The primary suggestion is to obtain a valuation report from a registered valuer dated 01.04.2001, which is a legally accepted method for property valuation when Jantri is absent.

Arun Shah

Arun Shah (Querist)

20 October 2021 While working L T C GAIN, in sale of land, jantri is not declared. What is Best alternate for considering cost as on 1.4.2001 ???? Pl suggest 🙏

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

20 October 2021 Get valuation report from Registered Valuer, dated 01.04.2001.

Arun Shah

Arun Shah (Querist)

20 October 2021 Thank you...But I T Dept....🤔😲 how to avoid query???😄

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

20 October 2021 Let there be query, when the jantri value is not available, that is the only option available for valuation of any property, which is accepted under law.

Arun Shah

Arun Shah (Querist)

20 October 2021 Yes sir.... THANKS...🙏👍😄

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