You might wonder why anyone would need a 23-year-old rate guide. The answer lies in the Indian Income Tax Act, specifically concerning and Fair Market Value (FMV) as of April 1, 2001 .
Once you have the PDF, avoid these common errors:
The next morning, he walked into the Assistant Registrar’s office in Bandra East with the physical book. The young officer raised an eyebrow. “Sir, we accept only digital submissions now.” ready reckoner 2001 02 mumbai pdf
The Indian government designated April 1, 2001, as the base year for calculating long-term capital gains (LTCG) on assets purchased before that date. If you sell a property today that was bought in 1990 (or inherited from that time), you are legally allowed to use the , as your "cost of acquisition."
He didn’t scan it. He didn’t make a PDF. He just placed his palm flat on the page, feeling the rough paper, and whispered, “Thank you, Baba.” You might wonder why anyone would need a
While the current year’s rates are readily available, the editions from the early 2000s, specifically the , have become a niche but critical resource. Why? Because they are often required to calculate Capital Gains tax on properties held for over two decades, resolve inheritance disputes, or simply understand how dramatically Mumbai’s land prices have appreciated.
Have you successfully used a historical Ready Reckoner for tax savings? Share your experience in the comments below. For a list of current links to government archives, check the official IGR Maharashtra portal. The young officer raised an eyebrow
He opened it. The pages smelled of old rain and atta flour. Page 47: Ward No. 3 – Jogeshwari (West) to Goregaon (West). There it was. Residential: ₹1,425 per sq. ft. Commercial (Shop): ₹2,110 per sq. ft.