Long term capital gain
This query is : Resolved
Prashant Sawant
(Querist)
28 January 2016
Hi...
If a Property bought before 01.04.1981 and proposed for sale, which year value to be considered for working out long term capital gain. Valuation as on 01.04.1981 with working of indexation subsequently or the valuation as on date of actual sale transaction.
Please advise.
Regards,
Prashant Sawant.
Hi...
If a Property bought before 01.04.1981 and proposed for sale, which year value to be considered for working out long term capital gain. Valuation as on 01.04.1981 with working of indexation subsequently or the valuation as on date of actual sale transaction.
Please advise.
Regards,
Prashant Sawant.
Deepti Asawa
(Expert)
28 January 2016
valuation as on 01.04.1981 should be considered as purchase value for calculation of long term capital gain
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