MR A PURCHASED/BUILD THE HOUSE IN 1975 FOR 4.00 LACS
MUTUATION WAS EFFECTED IN FY 2010-11 AND THE SAID PROP WAS SOLD IN SAME FINANCIAL YEAR BY 3(CHILDREN)INHARITANTS
WHETHER VALUE AS ON 01.04.1981 AS PER VALUATION REPORT ie RS 9.38 LACS CAN BE TAKEN FOR CALCULATION OF LONG TERM CAPITAL GAIN OR VALUE ON THE DATE OF INHERITANCE SHOULD BE TAKEN FOR CALCULATING CAPITAL GAIN.
WHETHER INDEXATION SHOULD BE APPLIED ie COST AS ON 01.04.1981 =9.38X711/100=66.69 LACS
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