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Capital gains on Old Building

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14 February 2022 Dear Experts
Assesee, a salaried individual planning to sell her old house property. It was cosntructed in the year 2002 for Rs 10 lakhs. But no proof is availablw with her now. How to arrive at the cost for computation of capital gains. Can we obtain a valuation certifcate from an income tax approved valuer for Rs 10 lakhs?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
14 February 2022 Yes, get the valuation certificate as on date of completion of the building as per circle rate.
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