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FAIR MARKET VALUE 2001

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25 June 2020 PLOT ACQUIRE BEFORE 2001 AT RS 30,000 AND CONSTRUCTION DONE IN 2012 RS 18,00,000. IN THIS CASE FAIR MARKET VALUE OF PLOT REQUIRE FOR CAPITAL GAIN CALCULATION.
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c.bakshi

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c.bakshi (Expert)
26 June 2020 COST OF ACQUISITION IS 30000 OR FMV OF THE PLOT AS ON 1/4/2001 WHICH IS HIGHER.
CONSTRUCTION IS COVERED UNDER THE MEANING OF COST OF IMPROVEMENT.
YOUR TOTAL COST WILL BE COST OF ACQUISITION AND COST OF IMPROVEMENT FOR CALCULATION THE REAL COST
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