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-If the date of acquisition of land falls prior to 1 April 2001, you have a choice to consider the Fair Market Value (FMV) of the property as on 1 April 2001 as acquisition cost.
So, firstly you need to get the valuation report of property as on 01.04.2001.
Government-approved valuers follow a standard process for the valuation and provide a detailed report.
-Amount of capital gain and taxes would depend upon sale price, sale date, purchase price and purchase date. Please share the details with us for exact capital gain calculation and corresponding taxes.
-You can also take the benefit of indexation on cost of improvements & claim expenditure in connection with transfer/sale subject to sufficient proofs.
We may assist you in entire procedure.
It is advisable to take a phone consultation for detailed discussion.