WebFMV as on 01.04.2001 can not exceed circle rate. You may contact government approved valuer for exact circle rate as on 01.04.2001. 2) Full value of consideration would be … WebMay 13, 2024 · Fmv (fair market value) as on 01-04-2001. This query is : Resolved. Report Abuse Follow Query Ask a Query. CA Sumit Ramesh Bharadia. 13 May 2024 An …
Fair Market value of property purchased before 1/04/2001
WebAssuming that the value of BA as computed under Rule 3(1)(e) is seventy lakh rupees, the fair market value (FMV) of the assets shall be as below: FMV of H1: (Higher of Rs. 20 … WebJan 11, 2024 · The FM proposes to restrict the surcharge for AOPs having only companies as its members to 15%. IT is applicable to AOPs whose total income during the financial year exceeds Rs 2 crores. Also, the surcharge on long term capital gains (LTCG) on listed equity shares, units, etc., has been capped at 15%. Introduction to Section 112A cylindrical diamond tip top plane
Fair Market Value Capital Gain Calculations for Property …
WebJan 4, 2001 · You will have to pay 20% tax on capital gain arising on sale of gold. Capital gain = sale value minus indexed cost of acquisition. Indexed cost of acquisition = gold … WebJan 4, 2001 · You would be liable to pay Long term capital gain at the rate of 20% (plus applicable cess and surcharge) on any capital gains that arise from the sale of gold. You need to get the fair market value of gold as on 01.04.2001 for calculation of indexed cost of acquisition. Long-Term Capital Gains will be calculated as below: WebOct 31, 2024 · Income Tax Fair Market value of property purchased before 1/04/2001 Pooja Makwana (CA Final Student) (38 Points) 29 October 2024 one of my client wants to sale a property which was acquired before 1/4/01 & for fair market value he has obtained a valuation report form a valuer. cylindrical cushion diy