Dear Professionals,
my father Purchased Agriculture Land in 1989 after that the same is transfer on my name in 2018 after that i have converted in Plot (Non Agriculture) in 2020 and then sale in 2020.
how to calculate Purchase cost of Plot ?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193885 Points)
Replied 22 September 2021
Get valuation done from a 'Registered Valuer' as on 01.04.2001.
OR Check with Registrar Office for the Circle rate of the area in FY 2001-02
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 23 September 2021
Agree with above comment
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