For determining value of property as on 01-04-2001 for LTCG calculation can we take indexation(old) for the year 2001 and can determine purchase cost for old property
please advice.
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Capital gain on property as on 01 04 2001
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You have to find out the Value of Said property from GOVT registered Valuer or from registrar office as on 1/4/2001 for Calculation of Capital Gain if property purchase before 1/4/2001, and you have take Indexation new starting from 1/ 4/2001 if you are selling property now .
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