Long term gain on property
This query is : Resolved
02 July 2019
SIR, MY CLIENT HAD PURCHASED A FLAT AT MUMBAI IN 1972-73 NOW THEY WANT TO SELL FLAT FOR 7500000 PLEASE LET US TELL ME HOW TO CALCULATE INDEXING VALUE
02 July 2019
1. Have to know the fair market value of the flat as on 1 - 4 - 2001.
2. Find the indexed cost of the above said value.
3. Deduct the above indexed cost from the sale value.
4. Resultant figure will be capital gain/loss, as the case may be.
2. Find the indexed cost of the above said value.
3. Deduct the above indexed cost from the sale value.
4. Resultant figure will be capital gain/loss, as the case may be.
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