The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the promulgation of the Central Goods and Services Tax (Extension to Jammu & Kashmir) Ordinance, 2017 and replacement of the Ordinance by the
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Posted by Dr. Shekhar
I acquired the property in year 2000 for 6 lac.
And sold in FY 2017-18 for 120 lac. The circle rate is 62 lac and the valuation as per Regd. Valuer is 70 lacs.
Can 1 consider the cost of acqn as 70 lac.?
And capital gain of 50 lac ( 120-70)
Updated on : 18/03/2018 20:04:06