In case of my client being an Individual has sold Industrial Shed during F.Y.2011-12 for a Consideration of Rs.3,95,000/-.However its Purchase/Acquisition Cost is not known to Assesse as the same was purchased since more than 20 years back. also no other documentary evidence is available with Assesse for seeking any rough idea about its cost from Assesse.
Now How to determine the Indexed Cost of Acquisition/Purchase for the purposes of computing Long term capital gain/Loss as per I. T. Act,1961.
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