What is the value of the property purchased in 2000 as on 2018
Menu
Capital gain
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
Recent Topic
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
Related Topics
CAclubindia
