If you inherited a property in Mumbai purchased in 1985, you cannot use the 1985 price because it’s too low and arbitrary. Instead, you can take the as the deemed cost.
In the fast-paced world of Mumbai real estate, where prices fluctuate by the minute and redevelopment is king, digging up a document from the 2001-02 fiscal year might seem like an exercise in archaeology. However, for a specific group of stakeholders—legal heirs embroiled in inheritance disputes, advocates handling capital gains cases, chartered accountants filing old tax returns, and historians of the city’s economy—the is an indispensable tool. ready reckoner 2001-02 mumbai
: Experts like those listed by the Architects Publishing Corporation of India often maintain private physical archives or scans of RR books dating back to 1980. If you inherited a property in Mumbai purchased
The Ready Reckoner for 2001-02 was characterized by a few distinct features: However, for a specific group of stakeholders—legal heirs
, is the official base year for calculating Long-Term Capital Gains (LTCG) tax on properties acquired before that date Why 2001-02 Rates Matter Today Base for Capital Gains