fair market valu as on 1-4-1981
This query is : Resolved
Vijay Kumar V K
(Querist)
24 March 2008
hi
can anybody please tell me how can i find the fair market value of a particular property as on 1-4-1981
can anybody please tell me how can i find the fair market value of a particular property as on 1-4-1981
Vikas Garg
(Expert)
24 March 2008
hi
if the asset is purchased on or before 1981 then u can take cost inflation index as 100 and claculate the value accordingly.
if the asset is purchased on or before 1981 then u can take cost inflation index as 100 and claculate the value accordingly.
24 March 2008
IF NO FAIR VALUE CAN BE DETERMINED THAN THE PRICE AT WHICH IT WAS BOUGHT CAN BE CONSIDERED AND COST INFLATION INDEX SHALL BE GIVEN BY TAKING THE BASE YEAR 1981 AND INDEX AS 100
Devendra Mishra
(Expert)
24 March 2008
Take it as 100
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