Mr x inherited property from his father, which was inherited by his grand father. Purchase value & year of purchase is not known. In the current AY Mr X sold the property.
In this case to calculate capital gain, how indexed cost of acquisition is to be calculated?
plz help
Menu
how to calculate indexed cost of acquisition
Replies (3)
Based on the valuation of the property as on 01.04.1981, obtained from government approved valuer........
take cii year of 1981 and find out cost of acquisition by its formula
take cii year of 1981 and find out cost of acquisition by its formula
Recent Topic
- INCOME RECEIVED FROM COMPANY FOR ELECTRIC POLLS
- ITR Processing By CPC Now Super Fast - Much apprec
- Abroad Jobs
- Professional Income in 44AD
- Presumptive taxation
- Claiming Pre Possession Home Loan Interest
- Tax on Pension from EPFO
- Indexation of Sale of Property under New Regime
- TDS ON RENT BY TENANT
- Forward tax charge gst related
Related Topics
CAclubindia
