Dear Sir
please tell me if one flat purchase on may 1998 of Rs 2.5 lac in noida and today sale value is Rs 17 lac then how can we calculate capital gain on this deal and where is invest of sale amount for avoid capital gain
thanks
First you have to find out fair market value on 2001 of asset from registered valuer for Indexation then date and year of sale for calulation of capital gain on asset .
CAclubindia
