I am planning to sell my property constructed in 1987 in 2025-26 and pay tax without benefit of indexation. My question is what is the initial cost...actual cost in 1987 or FMV as on 01.04.2001? Thanks in anticipation of clarification.
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LTCG on property held for 40 years
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You can accept either of them, whichever beneficial to you.
Reply avail benefit of sec 54f
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