Hi,
I sold retail shop for 10Lac in May,2017, purchased on June, 1992 for 35,000.
How the capital gain tax should be computed on above with new inflation index.
Thanks.
Hi,
I sold retail shop for 10Lac in May,2017, purchased on June, 1992 for 35,000.
How the capital gain tax should be computed on above with new inflation index.
Thanks.
Get valuation of the shop as on 1st April, 2001 from Govt. Approved Valuer....... which will be Cost of aquisition for LTCG calculation.
In which case, fair market value of property as on Apr 1,2001 is to be considred for cost and then index it? How fair market value of property is to be derived?
It is to be obtained/certified from/by Governmental Approved Valuer.
If i do not obtain valuation report, i should be taking the actaul cost of 35000 and index it, correct?
Can ready recokner rate of that area be used for determining fair market value?
What are options to save capital gain tax?
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