This is regarding computation of Long Term Capital Gains due to sale of Apartment which was acquired in 1994 as 1st owner from real estate developer. I note the base cost as was prevailing in 2001 is to be considered for working out LTCG with relation to present sale value. How to get the then (in 2001) Fair Market value to work out the CG? The apartment is in Chennai.
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Long term capital gains on estate
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you have to find out value from Registered Valuers
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