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Capital gain

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(Querist)
28 February 2009 Sir

How to arrive at the cost for computing long term capital gain, if the property sold is a ancestral prpoerty and the original documents are not found.

In other words how to compute the capital gains if the cost details of the asset ( purchased before 1980) is not available.
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
28 February 2009 you will take valuation from registrar valuation as on 01/04/1981 then it is cost of acquisition

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