Calculation of cost of acquisition, Income Tax

[Sumit Khurana]

Sir,

we have sold a property in F.Y. 2014-15 which was purchased in 1960. For calculation of cost of acquisition we wand to adopt fair value as on 01.04.1981. From where can we get such value?

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Index is announced every year on the basis of value of the year 1981. You can get the fair value from the Registration Department officials.