What is cost of acquisition for property before 2001 in case no indexation benefit for property
This query is : Resolved
26 May 2025
what is cost of acquisition for property acquired before 2001 in case no indexation benefit is availed? Can we consider cost as FMV as on 1-4-2001 as "cost of acquisition".
26 May 2025
Yes, FMV as per Circle rate of the property as on 01.04.2001..
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