My friend had purchased a flat in 1990 and sold it now.he has bills of purchase. THe new indexation table is given from 2000-01.
So is it necessary for him to do valuation and do indexation as per new rules?
Can't he follow old rule of indexation?
khishen shet (ca) (277 Points)
22 September 2017My friend had purchased a flat in 1990 and sold it now.he has bills of purchase. THe new indexation table is given from 2000-01.
So is it necessary for him to do valuation and do indexation as per new rules?
Can't he follow old rule of indexation?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166902 Points)
Replied 22 September 2017
As the house sold in FY 2017-18, so rules of AY 2018-19 applicable, which means CG is to be calculated as per new CII OR old rules cannot be followed for AY 2018-19!!!
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