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.
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.
You can accept either of them, whichever beneficial to you.
Reply avail benefit of sec 54f
Aggarwal Sarawagi and Co
New Delhi
CA
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YOGESH KAPOOR AND ASSOCIATES
New Delhi
B.Com
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CAclubindia
