Capital Gain - How to determine Fair value as on 01/04/2001 in the absence of any records
This query is : Resolved
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Briny Rose Jacob
(Querist)
02 August 2021
For properties purchased before 01/04/2001, how is the fair value determined in the absence of government fair value records or any records on market value during that period?
CA R SEETHARAMAN
(Expert)
02 August 2021
Check with your concerned registrar office, get the value from the registered documents during that period.
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Briny Rose Jacob
(Querist)
03 August 2021
Thanks for your reply. In the absence of such information, what can be done?
CA R SEETHARAMAN
(Expert)
03 August 2021
Contact your jurisdiction AO he knows it if someone has filed similar capital gains return.
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Briny Rose Jacob
(Querist)
03 August 2021
Thank You Sir for the reply
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