Hi
what will be the capital gain if land acquired in 1963 for rs 400/- and sold in 2013 for rs. 4200000/-
6 Replies
Manoj Mehta
(Head Of Department (Accounts & Finance))
(1479 Points)
Replied 26 March 2014
Dear Pooja take value as on 1981 by a registered valuer and then do indextation as per the chart provided ( available on internet) I hope answer is clear or you do p.m to me. Regards
Pooja
(Accountant)
(103 Points)
Replied 26 March 2014
Thanks Manoj.... answer is very clear.. no doubt..
Sai Ganesh
(Article Assisstant )
(254 Points)
Replied 26 March 2014
Dear Pooja,
The fair market value as on 1-4-1981, is only an option provided to the assessee. The assessee can even choose to take the acquisition value as in 1963.
Rahul jain
(LEARNING & TEACHING)
(435 Points)
Replied 27 March 2014
@ pooja- and you should select market value as on 1981 bcoz it will help you in increase ur purchase consideration and reduce your capial gain amount as on sale date......
hav a grt day....
Raj kumar
(Accountant)
(39 Points)
Replied 27 March 2014
sir, i have no knowledge about capital gain
pls. explain what is the capital gain and loss
pls help me
Raj kumar
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