12 October 2015
compulsory acquisition : govt Acquire a plot of land 9.00 Are. And consideration of rs. 5000000 received during the f.y 2014-15. this property was Acquired from father on 2.04.1973.... cost of land is not determinable so i adopt market value as on 1.4.1981 rs.50000 per cent. 1. is my decision is right or wrong? 2. can i get indexation benefit on Market value? 3. Wat's the remedy to solve this problem? pls help thanking you
CAclubindia
