banner_ad

capital gains

This query is : Resolved 
Profile Image

Profile Image

(Querist)
01 February 2008 one of my client got property as inheritance in 1952. he sold that property in 2006-07. as he can opt fmv as on 1-4- 1981, he tried for supporting document to get value as on 1-4-1981. but he did'nt get that. instead of that he obtained register value in the year 1987. can he take that as the base and can he go back and calculate fmv as on 1-4-1981?
plz guide me . i am in great confusion.

give reply to my mail "hariwithu@sify.com"
thanku
Profile Image

HARANATH

Profile Image

HARANATH (Querist)
01 February 2008 plz reply as early as possible
Profile Image

Late CA Sampat Jain

Profile Image

Late CA Sampat Jain (Expert)
01 February 2008 ALL YOU HAVE TO DO IS TO FURNISH A BASIS OF YOUR VALUE AS ON 1-4-81 , IF AO IS NOT SATISFIED HE WILL HAVE TO GIVE HIS BASIS......
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details