Cost of acquisition on sale of land after demolishing the building

Tax queries 115 views 1 replies

I have sold a land in 2021 after demolishing the building.  The buyer wanted us to demolish the building before getting the registry of and .

We purchased both the building and land in 1960. 

What should be the cost of acquisition in as on 2001.

 

Replies (1)
FMV as on 01.04.2001 can be the cost of acquisition


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