Budget 2024: I-T dept clarifies acquisition cost of real estate bought before 2001 for LTCG calculations
The Income Tax department has clarified that the cost of acquisition of real estate properties purchased before 2001 will be the fair market value (FMV, not exceeding the stamp duty value) as of April 1, 2001, or the actual cost of the land or building for the purpose of calculation of long-term capital gains (LTCG) … Read more