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Year of Indexation
what is the year that the value of ancestors property,is taken for calculating tax on capital asset if land is sold in October 2018
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Fair market value as of 1 April 2001
you need to consider the fair market value of the asset as on Apr2001 and the cost of the asset when it was purchased. the value which is higher shall be taken for indexation.
This benefit is available only for assets purchased before Apr2001
This benefit is available only for assets purchased before Apr2001
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