Capital gain on house property


19 March 2014 If House sold at Rs.2500000 But Don't know cost of Construction of house Property Than Architect Valuation Report Valid For Know Cost Of Construction Value ?
1. If Yes Than Valuation Report Obtain From Architect Before Sale Of House Property ?

2. Let HP Construct In 1996-97 And Sold In 2013-14. In This Case 2001 Valuation Report Valid For to know cost of construction. ?

Pls Rply Asap Tha'x for advice..

19 March 2014 1. Valuation report from 'approved valuer' will suffice.
Citation:- Namita Sarkar Vs. CIT [2005] 275 ITR 590 (Cal).

2. Value of the property as in 1996-97 is required.

19 March 2014 Mr. B.Chackrapani Warrier I M Not able to understand your 2nd Point...

19 March 2014 Mr. B.Chackrapani Warrier I M Not able to understand your 2nd Point.. Means 2001 Valuation Report not valid...?


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