FMV of Land- Long term capital gains
This query is : Resolved
31 March 2009
Hi,
In case land is acquired prior to 1981, we will be taking the higher of FMV on 1981 or Actual Cost; whichever is higher for the purpose of indexation.
My query is as to how do we ascertain FMV for 1981 ,in practice? Is there any website for the same?
In case land is acquired prior to 1981, we will be taking the higher of FMV on 1981 or Actual Cost; whichever is higher for the purpose of indexation.
My query is as to how do we ascertain FMV for 1981 ,in practice? Is there any website for the same?
31 March 2009
It will be valued as per the wealth tax provision.
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