: The Finance Act 2017 shifted the capital gains base year from 1981 to April 1, 2001 .
: If you sell a property bought before 2001, you can substitute your original purchase price with the 2001 RR rate (the FMV). This higher "cost of acquisition" lowers the taxable profit when adjusted for inflation. Ready Reckoner Rate Mumbai 2001 Pdf
For any property purchased before April 1, 2001, the Income Tax Act allows the owner to use the FMV as of that specific date as their . This significantly helps in: : The Finance Act 2017 shifted the capital
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