Fair Market Value as on 01.04.1981

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..... 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 bac .....

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..... k 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 .....

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..... 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, - Reply By Sanjeev .....

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..... Sharma - The Reply = In order to substantiate market value as of 1.4.1981, Valuation report from approved valuer is to be submitted. - Fair Market Value as on 01.04.1981 - Query Started By: - MOHA .....

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..... MED YACOOB SHARIFF Dated:- 5-2-2013 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia .....

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..... - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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