Long term capital gain on propperty
This query is : Resolved
06 March 2018
Sir
I had purchased the immovable property in 2002 and selling the same in 2018. My cost was approx 300000/-. My question is whether I can take the same value for indexation for calculating capital gain or I have to get the valuation as per 2001?
Please advice.
Regards
I had purchased the immovable property in 2002 and selling the same in 2018. My cost was approx 300000/-. My question is whether I can take the same value for indexation for calculating capital gain or I have to get the valuation as per 2001?
Please advice.
Regards
CA R SEETHARAMAN
(Expert)
06 March 2018
Yes you can take the same value for indexation for the purpose of capital gains calculation.
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