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Capital gain

Tax queries 193 views 2 replies

What is the value of the property purchased in 2000 as on 2018

Replies (2)
what was the value in the year 2000?

If Fair value of your property as on 01/04/2001(because purchase is before FY 2001-2002)  be Rs.1 lac.

Then Indexed cost of aquisition of your property for FY 2018-19 would be Rs.2,80,0000  /-  (1,00,000 *280/100)

      *    Indexed Cost of Aquisition=  Actual purchse price x Index in the year of sale / Index in the year of purchase

If property purchased before FY 2001-2002

     *    Indexed Cost of Aquisition=  Fair Value as on 01/04/2001 x Index in the year of sale / Index for the FY 2001-2002

 


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