New User / Register | Bookmarks | Annual Subscription | Feedback |
Login: Stay
| Forget Password |
           
TMI - Tax Management India. Com  

Recent Discussionss:

Cenvat Credit exemption limit Reg. Short amount deposit against excise duty which ratio should take for distributing service tax credit through ISD. Change in section 15A Central Excise Act 1944 INTEREST PAYMENT ON SUPPLEMENTARY INVOICE RAISED Supplementary invoice issued under which rule Export to bhutan E1 form amount Home Loan interest Perquisites
 
Discussions Forum
Home Forum Income Tax Month 2 2013 2013 (2) This
← Previous Next →
 

Fair Market Value as on 01.04.1981 - Income Tax

 
Issue Id: - 5278
Dated: -05-02-2013
By:- MOHAMED YACOOB SHARIFF
Fair Market Value as on 01.04.1981

Sir, one of my clainet has sold her property in the asst. 2010-11, which is under scuritiny now, the property was sold for Rs.1.2 crore, This property was settled by the mother of the assessee way back in 1974, Considering the rates prevaling at 01.04.1981, Assessee valeded the land and building as 19 lacs, thereby after applying the indexation there is no long term capital gains, instead there is a long term capital loss, but the Income tax officer is not accepting this.

So, pl clarify is there any way to determine the fair market value of the property as on 01.04.1981,

Post Reply
 
Previous Posts


Dated: - 15-02-2013
By: - Sanjeev Sharma

In order to substantiate market value as of 1.4.1981, Valuation report from approved valuer is to be submitted.


 
 
Previous Next

 

what is new what is new

UpdatesKnowledge SharingSubscription CommunicationNewslettersMore Options




Go to Mobile Website Go To Top
© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.