https://www.taxtmi.com/notifications?id=119535 Declarants may elect to take the fair market value of a registered immovable property as the stamp duty value increased proportionately by the change in the Cost Inflation Index between the year of registration and the reference year; for properties acquired before the base year, the election operates using the fair market value as of the base date determined by a registered valuer and indexed to the base year index. The rules define stamp duty value and Cost Inflation Index and amend Form-1 to require detailed property particulars, valuation reports, indexed values and disclosures regarding fictitious liabilities and their linkage to disclosed assets. en-us Wed, 17 Aug 2016 00:00:00 +0530 Fri, 19 Aug 2016 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119535 Declarants may elect to take the fair market value of a registered immovable property as the stamp duty value increased proportionately by the change in the Cost Inflation Index between the year of registration and the reference year; for properties acquired before the base year, the election operates using the fair market value as of the base date determined by a registered valuer and indexed to the base year index. The rules define stamp duty value and Cost Inflation Index and amend Form-1 to require detailed property particulars, valuation reports, indexed values and disclosures regarding fictitious liabilities and their linkage to disclosed assets. Notifications Income Tax Wed, 17 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119535