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Capital gain

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(Querist)
05 February 2014 Assessee having ancestral Property which has trf to his name on 1984 there has no amount mentioned. now when he had sale the property at 1.25cr. then capital again how work out.
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CA Ghanshyam Joshi

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CA Ghanshyam Joshi (Expert)
06 February 2014 Fair value on the date of transfer shall be considered as deemed cost, apply indexation to it & calculate capital gain

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