FMV of immovable property

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  1. still learning

    still learning New Member

    Hi,

    My client is planning to sell an apartment which he bought in year 1996. How do I get FMV of this property in year 2001 to compute long term capital gain? Thanks
     
  2. FMV for flat purchased can only be calculated from Indexation values for 2001 to indexation for the year of sale. Only when the value of immovable property is not known, such as a property handed over from property built on land owned by grandparents and subsequently got transferred to you over the years, then we need to get the valuation done from a government registered valuers.
     
  3. I can be done by registered valuations
     
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