Respected sir/mam
If the Land is purchased before 2001 and the construction of building is also done before 2001, whether should I take FMV of land as on 2001 or Actual cost to arrive at cost of land and building when the building cost is calculated separately by the valuator as on 2001.
Thank you in advance.
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Capital Gain When asset acquired before 01/04/2001
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FMV as on 1-4-2001 for asset (land & building)
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