Capital gain
This query is : Resolved
SANJAY PADHAN
(Querist)
11 December 2013
How can calculate capital gain on building which is purchased before 1981 and if it has compensated by govt for acquisition.
CMA Ramesh Krishnan
(Expert)
11 December 2013
If the property has been acquired prior to 1 April 1981, the acquisition cost will be the cost incurred by the original owner or the fair market value of the property as on 1 April 1981, whichever is higher
accordingly you can make the indexation on 1981 cost of inflation index
accordingly you can make the indexation on 1981 cost of inflation index
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