Fair Market Value
parvind bagri (57 Points)
16 June 2018
How to ascertain Fair Market Value of a property as on 01.04.1981 for the purpose of computing LTCG?
4 Replies
Ashiwini Ballodia
(Managing Partner at TAXounting)
(8737 Points)
Replied 17 June 2018
Take help of valuation expert
Kalpesh
(Chartered Accountant)
(349 Points)
Replied 17 June 2018
The base has changed from 01/04/1981 to 01/04/2000. Hence, go to valuation expert and determine FMV on 01/04/2000.
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