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Huf
Dear experts How to take heritage property value in a Huf account like agriculture land or plots
Replies (2)
For accounting purpose cost of original buyer may be taken as tentative figure. (as wealth tax is abolished)
But when you sell or transfer, FMV as on 01.04.2001 will be taken as COA.
But there value not showing showing in 7/12 then what should I do.
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