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?
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House property query
Replies (1)
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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