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Ltc

This query is : Resolved 
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(Querist)
27 August 2019 I had sold ancestral land (purchased by my father long before 1980) during FY 2018-19.. I have to pay LTCG tax on the same. I have tried my best to know the govt. value of the land for calculating indexed cost of acquisition, but could not find the value. What is other alternative for the same ?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
03 September 2019 Now the base year is shifted from 1981 to 2001 so you can opt the Fair Market value as on 2001
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