Long Term capital gains can be evaluated after obtaining valuation of the plot as on 01.04.2001 from sub-registrar office or any registered valuer. Bond u/s. 54EC can be purchased within six months from the sell transaction date.
LTCG is to be calculated as follows. net sale price- indexed cost of acquisition. here plot purchased before 1.4.2001 hence fair market value as on 1.4.2001 is to be taken in place of indexed cost of acquisition. may contact for more. ca umesh kumar- 9717597230
Yes, agree with experts.
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