Pl ignore my earlier query on this issue.
Sale of flat in Nov 2023 for 70,00,000 /-.
Acquired prior to 1.4.2001.
Redeveloped in FY 2015-16. No money paid on redevelopment.
For computation of LTCG what will be cost of acquisition...
1. Value as on 1.4.2001
Or
2. Value as on the date of redevelopment.
CAclubindia
