Sir,
A property more than 40 years before was sold by the legal heirs on 2017-18 .for the LTCG WORKING plot value was taken from the year 2000 , at the same time for building value how to determine?
MURALIDOSS (INCOME TAX PRACTITIONER) (1314 Points)
09 July 2018Sir,
A property more than 40 years before was sold by the legal heirs on 2017-18 .for the LTCG WORKING plot value was taken from the year 2000 , at the same time for building value how to determine?
prasad Nilugal
( GST Practitioner & Accounts )
(14568 Points)
Replied 09 July 2018
If property was sold in 2017-18 then base year will be 2001 for calculation of LTCG , you have to find out value of that property in 2001 form register valuer .
CAclubindia
