If Mr. A gets ancestral land from his forefathers & Cost of Acquition & Date to acquisition are not available(which is acquired by his forefathers).
In year 2020, Mr. A gets registration of such land in his name & paid stamp duty.
In such case, what will be Indexed cost of Acquition & Indexed cost of improvement?
Menu
Capital gain
Replies (1)
Cost of acquisition shall be FMV as on 01.04.2001 ( if property sold before 31st March 2020 )
Cost of acquisition shall be FMV as on 01.04.2001 subject to maximum of assessable value for stamp duty purposes aa on 01.04.2001 ( if property sold after 31st March 2020 )
Cost of acquisition shall be FMV as on 01.04.2001 subject to maximum of assessable value for stamp duty purposes aa on 01.04.2001 ( if property sold after 31st March 2020 )
Recent Topics :
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
Related Topics :
CAclubindia
