F.m.v as on 1-4-2001

Tax queries 166 views 2 replies

Mr A had brought house in 1995 at rs.6lakhs and sold on March 2025 . @ rs 1,50,00,000

However for capital gain purpose, we have 2 scheme, with and without indexation 

But cost of acquisition I can take of F.M.v of that house as on 1-4-21 instead of 6 lakh 

In indexation scheme i can use that f.m.v of flat multiply by cii of current year divide by cii of 2001 year 

Plz advise 

Replies (2)

Thanks sir 

 


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