read your article on the capital gain tax on homes but i have got one querry that how the value of housing proprty calculated if the property is purchased before 1981 what is the valuation of it?
RE:long term capital gain tax on homes
by Som Datt on Sep 28, 2005 12:55 PM Permalink
Even I would like to know about the same.
In my case, the house was bought under allotment for which 10% registration amount was given at time of application sometime in 1979. After allotment letter, rest amount was paid in annual installents. The house was completed in Dec 1985.
