Menu
Fair Market value of property purchased before 1/04/2001
one of my client wants to sale a property which was acquired before 1/4/01 & for fair market value he has obtained a valuation report form a valuer. In that report valuer has given various values such as value of flat, realisable value, distress value & government value. So which value should I take for fair value of the property.
Replies (7)
Take Government value for no conflict.
Value of the flat may also be taken, but ITO may raise a conflict.
Take the redy reckoner value, that is the value on which the stamp duty is paid. It is same as government value.
You can get market value from sub register by request
Hi !
Go by govt value....safe
Guidelines value can be obtained from subregistar in their area by applying This value msy be accepted by department
Yes, I agree with the above comment
I also agree
Recent Threads
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
Related Threads
CAclubindia
