Hi
what will be the capital gain if land acquired in 1963 for rs 400/- and sold in 2013 for rs. 4200000/-
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Capital gain
Replies (6)
Dear Pooja take value as on 1981 by a registered valuer and then do indextation as per the chart provided ( available on internet) I hope answer is clear or you do p.m to me. Regards
Thanks Manoj.... answer is very clear.. no doubt..
Dear Pooja,
The fair market value as on 1-4-1981, is only an option provided to the assessee. The assessee can even choose to take the acquisition value as in 1963.
@ pooja- and you should select market value as on 1981 bcoz it will help you in increase ur purchase consideration and reduce your capial gain amount as on sale date......
hav a grt day....
sir, i have no knowledge about capital gain
pls. explain what is the capital gain and loss
pls help me
Raj kumar
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