long term capital gain

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11 Points Joined February 2018
mr X was purchased the land in 1988.it was gifted to his son y on 2012..now he is willing to sell the land...what should be the purchase price??
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On 25 February 2018 at 01:00 Report
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student
16 Points Joined August 2017
as per my view price will be taken of Mr X as he gifted the property without adequate consideration further for capital gain calculation in assessment year 17-18 indexation value will be considered from Year 2000
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On 25 February 2018 at 02:13
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11 Points Joined February 2018
he was purchased 1988 for rs7000..in 2000 guidelines value 3.8 lakhs..market value around 11 lakhs...what is the value taken for consideration??
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On 25 February 2018 at 09:45
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11 Points Joined February 2018
he was purchased 1988 for rs7000..in 2000 guidelines value 3.8 lakhs..market value around 11 lakhs...what is the value taken for consideration??
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On 25 February 2018 at 09:45
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76 Points Joined January 2018
Since land was purchased before 01.04.2001; fair market value as on 01.04.2001 shall be taken as cost of acquisition for calculating capital gain for A. Y. 2018 -19.
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On 25 February 2018 at 11:14
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76 Points Joined January 2018
Since land was purchased before 01.04.2001; fair market value as on 01.04.2001 shall be taken as cost of acquisition for calculating capital gain for A. Y. 2018 - 19
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On 25 February 2018 at 11:15
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76 Points Joined January 2018
Since land was purchased before 01.04.2001; fair market value as on 01.04.2001 shall be taken as cost of acquisition for calculating capital gain for A. Y. 2018 - 19.
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On 25 February 2018 at 11:20
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76 Points Joined January 2018
Since land was purchased before 01.04.2001; fair market value as on 01.04.2001 shall be taken as cost of acquisition for calculating capital gain for A. Y. 2018 - 19.
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On 25 February 2018 at 11:20
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11 Points Joined February 2018
thank you sir...in 2001 Government Guide line value for I cent Rs.10000..but market value RS.50000..if we put market value purchase price going over sale price..so we confuse..it is acceptable or not
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On 25 February 2018 at 11:25
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76 Points Joined January 2018
It doesn't matter. In that case there will be long term capital loss.
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On 25 February 2018 at 11:28
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11 Points Joined February 2018
I need any proof for market value...??
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On 25 February 2018 at 11:30
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76 Points Joined January 2018
You have to consult valuation expert for that..
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On 25 February 2018 at 11:38
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11 Points Joined February 2018
thank you sir..
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On 25 February 2018 at 11:39
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student
229 Points Joined February 2014
Cost of Acquisition shall be the Cost of Purchase by previous owner
or
FMV as on 1.4.01
whichever is beneficial to the owner.
WEH.
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On 26 February 2018 at 06:35
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student
229 Points Joined February 2014
Cost of Acquisition shall be the Cost of Purchase by previous owner
or
FMV as on 1.4.01
whichever is beneficial to the owner.
WEH.
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On 26 February 2018 at 06:35

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