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Capital gains on sale of ancestral property

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(Querist)
16 December 2017 Which provisions are to be referred for calculating capital gain on sale of ancestral property ? What if there is no information available regarding acquisition value of land ?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
16 December 2017 Cost of acquisition can be claimed on the strength of valuation report which can be
obtained from an approved valuer.

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