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GIVE EXPLANATION ABOUT THIS JUDGEMENT.

GIVE EXPLANATION ABOUT THIS JUDGEMENT.

GIVE EXPLANATION ABOUT THIS JUDGEMENT.

0
Kanishka Dec. 07, 2019

Hello,


According to this case, you should take the -

  1. fair market value of AGRICULTURAL land as on 1.4.2001.
  2. and then do indexation.


The tribunal has clearly held that in cases where agricultural land is converted into non-agricultural land -

  • we should take the fair market value of agricultural land to calculate Indexed cost of acquisition and
  • then find the capital gains.



GIVE EXPLANATION ABOUT THIS JUDGEMENT.

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