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calculation of capital gain
How the long term capital gain is to be calculated in the event non availability of F.M.V. or official value on 2000- 01of the homestead land sold. Please give an example for this.
Replies (2)
You have to find out from Registered valuer , the value of the property in 2001 for indexation , if you purchase property before 2001 and sold after 2001 for capital gain Tax .
if there is cost of acquisition of any capital assets is not determinable take as nil..as per CBDT CIRCULAR
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