LTCG VALUATION OF COSTOF ACQUISITION

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(Querist)
22 August 2023 Mr A & Mr B were brothers jontly purchased a building for Rs 4,00,000/- (Both have equal share) during FY 1986-87. Later during FY 2015-16 they partitioned the same eqally. The market value at that time was Rs 50,00,000/-. Subsequently Mr A sold his share of building for Rs 54,00,000/-. In this case what is the cost of acquisitiion Rs.4,00,000 (or) Rs.50,00,000
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(Querist)
22 August 2023 Hi Sir,
I tried to withdraw some amount from my PF on 31st July, this morning i got a message that "CLAIM REJECTED PASSBOOK NOT ATTESSTED" in this case should i go to bank & get stamp done on passbook or shall i just sign over my passbook?
Please advise.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 August 2023 The cost of the building will be the market value as on 1st April 2001 and apply indexation on it.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 August 2023 Just sign over your passbook.

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