Fair market value as on 1 st april 1981
This query is : Resolved
24 August 2011
If the property is acquired before 1st april 1981, then on sale of it capital gain is calculated by taking cost of acquisition as either cost or fair market value of the asset. My question is how to decide fair market value as on 1st
April 1981?
April 1981?
24 August 2011
Approach a nearest Registered Valuer and take a Valuation Report.
CA. Anoop Gadia
(Expert)
24 August 2011
Take valuation report from income tax department approved valuer.
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