Capital gain on house property

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Bharat (Querist)
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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..

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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.

Bharat

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

Bharat

Bharat (Querist)
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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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