Long term capial gains on immovable property
1. Immovable property purchase by mother fy 1963-64. 2. Mother died in fy 2013-14. 3. Property acquired by four son as a successor with equal share. 4. Four son want to sales of immovable property during the year.5. Please gudie me calculation of long term captial gains and base year purpose of index cost of acquisition . Urgent reply required
Replies (6)
Quick Summary
For the purpose of indexation base Yr 2001-02... I.e formula is fmv of property as on 2001-02*index Yr of transfer /100...fmv should not exceed the sdv of property
Sdv means
Stamp duty value
Gaya sdv on fy 2001-2002 please quoted
If sdv can't find out ignore it
Post actual values.
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