Capital gain

201 views 2 replies

Hi ,

I have one query. My client purchased a plot in delhi for Rs. 7000/- in april,1977.Then they constructed a house on that plot in 1981 Now they have sold that house in Oct,2017 for Rs. 1 Cr.  Now my question is how to get purchase price of house to calculate capital gain. Do I need to contact a registered valuer to get the price . Please help me.

Replies (2)
Capital gains on assets acquired before 1 April, 2001 will also be calculated using fair market value as on 2001.There are several government approved property valuer’s in most major cities, hire a valuer to ascertain the fair market price of the property and provide you with the documentation of their evaluation
Yes... I agreed to Mr CA Sunil Kumar.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 29 June 2026
Article Assistant

Alvino Consultancy LLP

Mumbai

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details