Property Gift Consideration into books of accounts?

I received a 2400sft plot as a gift from mom on Nov/2009, Now how should i consider the value into my books since its a gift? a)My mom had purchased it for 15,000/- in the year 1984 or b) The Sub register value on date of the gift was Rs 25 Lacs?

In tally the entries should be like : BY Land property Rs _____ TO Capital a/c______ am i right ?

What tax documents do i need as a sole proprietor who is importing into india?

I have just applied for iec and i’ll be importing different types of products and raw materials into india. I will be using my residential address as office. What kind of tax documents do i need? I’ve heard that sales tax is required for those whose turnover goes beyond 10 lacs. I have no idea about taxes. I do have a pan card if that’s something you would want to know. Thank you!