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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

Computation of capital gains - The market value of the property ...


Assessing Officer to Adopt Rs. 600/Sq. Yard Valuation by Registered Valuer for Capital Gains Calculation as of April 1, 1981.

April 1, 2017

Case Laws     Income Tax     AT

Computation of capital gains - The market value of the property may be more or may be less - when a registered valuer has worked out the market value of the property as on 1 st April 1981 at ₹ 600 / - per square yard after taking into account the location of the land, the same should be adopted by the Assessing Officer - AT

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