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capital gain on property

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 May 2011 If there is an ancestral property around 60 - 80 years old ,the actual cost of which is not known. Now that property has been sold and the amount received has been divided between two brothers . So how would the fair market value as on 1981 be known for capital gain calculation .
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
24 May 2011 GET IT VALUED FROM AN APPROVED VALUER HE WILL FIND VALUE AS ON 1-4-1981

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