shobhit (aa) (339 Points)
27 April 2017FRIENDS,
ONE OF MY CLIENT HAS SOLD A HOUSE PROPERTY, but he does"nt have the original title documents of that property,,
we only have the sale price of the property as it was sold in 2016 , property originally belongs to beyond 1981, how can we calculate capital gain as we dont have purchase price of this old property...??? waht to do??
CA CS Jainam Shah
(Practicing Chartered Accountant)
(2492 Points)
Replied 27 April 2017
You can take valuation report of the house for the year 1981 from the registered valuer and take that value as a purchase price of the house.
CAclubindia
