Huf
Nishikant (Jalna) (298 Points)
27 March 2018
Dear experts How to take heritage property value in a Huf account like agriculture land or plots
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182909 Points)
Replied 27 March 2018
For accounting purpose cost of original buyer may be taken as tentative figure. (as wealth tax is abolished)
But when you sell or transfer, FMV as on 01.04.2001 will be taken as COA.
Nishikant
(Jalna)
(298 Points)
Replied 27 March 2018
But there value not showing showing in 7/12 then what should I do.
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