The is one of the most critical financial benchmarks for property owners in India. While most people search for it to handle property sales today, its primary modern-day use is for calculating Capital Gains Tax .
As per the current Income Tax laws, if you are selling a property acquired before April 1, 2001, you are allowed to use the as of that date as your "cost of acquisition". However, this FMV cannot exceed the official Stamp Duty Ready Reckoner rate for 2001. Why the 2001 Rate Matters Today ready reckoner rate mumbai 2001
Shifting of Base Year from 1981 to 2001 for Capital Gains Tax Computation The is one of the most critical financial