land value index
komalavilas ramachandran (5 Points)
19 November 2017komalavilas ramachandran (5 Points)
19 November 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195421 Points)
Replied 19 November 2017
For ancestral property, you can take actual purchase cost or market value as on 1st April, 2001.
When sold in 2017-18, you can deduct 2.72 times that cost as indexed purchase cost and remaining amount is long term capital gain.....
Sunil Ahmad
(Student)
(1511 Points)
Replied 19 November 2017
Sunil Ahmad
(Student)
(1511 Points)
Replied 20 November 2017
komalavilas ramachandran
(5 Points)
Replied 21 November 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195421 Points)
Replied 21 November 2017
For any capital gain........ you will have to arrive its fair market value as on 01.04.2001..... from approved valuer........ or from sub-registrar office.
No. exemption u/s. 54 will be available only if you purchase or construct a house property......
komalavilas ramachandran
(5 Points)
Replied 21 November 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195421 Points)
Replied 22 November 2017
" We have a fairvalue for each property below which we cannot register."
This circle rate gets updated every year, so current value cannot be applied.
It should be as of date 1st April, 2001........... being certified by Government Approved Valuer, or Sub-registrar office.........
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