PROVISION : The base year for computation of capital gain has been shifted from 1981 to 2001 with effect from A.Y. 2018-19. Thus if any capital asset ( acquired before April 1, 2001 ) is transfered then assessee has an option to take it's cost of acquisition either as fair market value as on April 1,2001 or it's actual cost.
Query :
if the actual cost was not known than what will be the fair market value ??
Get it certified by any registered valuer.
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