This discussion explains how to determine the Fair Market Value (FMV) for indexation purposes when dealing with ancestral immovable property purchased before 2001. The recommended method is to obtain the relevant rates from the concerned government revenue authority or the Jurisdictional Sub-registrar's office for April 2001.
23 September 2025
A Plot purchased by Taxable person's forefather and lastly transferred property on his name by his father As property was purchased before 2001, how to calculate FMV @ 2001 to calculate indexation property.