19 November 2013
Please help, its urgent The assessee have a land which he has received due to death of his father. The assessee's father had the land, and after his death, the land has been transferred to the assessee. The assessee father had acquired the land long ago, maybe 50 years back. Now the assessee wants to sell the land, what will be capital gain calculation on this. Can anyone help me? The cost of the land is very minimal at the time of purchase. Will it be necessary to make land valuation and then calculate the capital gain, or else what should the assessee do? Kindly suggest. Thank you
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