Sir
1. Land purchased by father (now transferred to me) before 2001 (purchased in 1980),
2. house constructed on this land in 1990
Want to sell the house+land
Can valuer do the valuation for both as on 2001 and index it to 2017-18 as per new CII?
How to do indexation as per New CII, and what is best way to lower LTCG
Fair Market Value as on 2001 can be taken for valuation purpose (Cost or fair market value whichever is higher)
and for the purpose of Indexation refer case of Manjula J. Shah
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
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Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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CCI
Pro
CAclubindia
