Please calculate capital gain and tax thereto of the following
Land purchased on 21.11.1994 for Rs.60000
Sold on 1.3.2019 for Rs.1500000
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Calculation of capital gain and tax thereto
Replies (4)
First .......Get the FMV or circle rate of the land as on 01.04.2001 from any registered valuer.
who is a registered valuer? What is circle rate?
they are professionals who provide us with the valuation of assets like land building.
List of registrered valuers attached
Circle rate is rate fixed by Sub-registrar of stamps & registration.
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