I purchased land in 1880 at " A " value .This land was unauthorisedly sold to ": X "" by creating a fake AGREEMENT OF SALE CUM GPA by forging my signature during 2004, at a value "B": and this person X in turn sold the property to "Y" in the year 2006 at a value " C". in SRO office.
I came to know the fraudulent transaction in 2010 and after lot of struggle and pursuing and incurring a substantial expenditure ,I finally got the FAKE GPA cum sale agreement of 2004 and sale of 2006 got cancelled. by SUB REGISTRAR ( SRO ). I got back the title and ownership of the property in my name in year 2010.
I finally sold the property in Dec 2018 by a registered document..
My query is on how to calculate the cost of acquisition of property for calculating LTCG ?
Can I take the market value of ' B " mentioned in Document of year 2004 or "C" as mentioned in the document of year 2006 as cost of acquisition and take the indexation benefit ?
CAclubindia
