Tax Body Clarifies Acquisition Cost Of Real Estate Bought Before 2001 For LTCG
Indexation allowed taxpayers to compute gains arising out of sale of property after adjusting inflation. New Delhi: The cost of acquisition of real estate properties purchased before 2001 will be the fair market value (FMV, not exceeding the stamp duty value) as of April 1, 2001, or the actual cost of the land or building…
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