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URGENT - Valuation Report for 2001 and Indexation

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ASN Professionals

Business Development

78 Points Posted on 23 September 2021

The seller does not have sale deed of the flat purchased in 1993 by his father. So seller got a Valuation Report done for 2001. The value that the Government Approved Vauler came up in this report is a certain figure.

Now while calculating the Capital Gains Tax should this figure as per Valuation Report for 2001 be deducted from the Sale Price or will it be indexed and then the indexation value be deducted from the Sale Price?

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Quick Summary

This discussion addresses a query regarding capital gains tax calculation when a sale deed for a property purchased in 1993 is unavailable. The user obtained a 2001 valuation report and wants to know if the reported value should be directly deducted from the sale price or if it needs to be indexed first. The consensus is that the indexed value from the 2001 report is what should be considered for deduction when calculating capital gains tax.