Regarding capital gain

Computation of capital gain.
Full value of consideration = Selling price or fair market value whichever is higher ( assuming 20 lacs is higher ) 2000000. Cost of Acquisition = 1928000 as per Sec 49(4).
Indexation if applicable.

What is the value written in transfer documents? Purchase Value shall be the amount mentioned in transfer documents like Sale deed, agreement to sale, receipt etc..
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Disagree with Nandan ji.

Under the existing provision contained in sub-section (4) of section 49, where the capital gain arises from the transfer of a property, the value of which has been subject to income-tax under clause (vii) of sub-section (2) of section 56, the cost of acquisition of such property shall be deemed to be the value which has been taken into account for the purposes of the said clause (vii).

yes... correct...Mr.doshi

thank you experts