Easy Office
Easy Office

Capital gain tax

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 October 2017 How do we calculate long term capital gain on sale of property if the cost of acquisition of the property is not known at the time of sale? Also pls let me know what is the rate of tax with indexation and without indexation? The property is an ancestral property and it has been transferred after mutual consent for consideration and no documents have been made for it. Only stamp paper of Rs 100 are used to document the sale. Is it valid or not? Plzz help me with the query.
Thanks & Regards
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
24 October 2017 it is valid subject to section 50C.
You can take the value as on 01/04/2001 for cost of acquisition.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links