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Capital Gain

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(Querist)
24 December 2008 my client received gift a plot from friend and my client incurred gift deed & other expenses. such expenses are treated as cost of improvement or any thing else. what is the treatment of this expenses at the time of calculating capital gain
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
24 December 2008 Stamp duty paid in connection with registration of deed is in fact a cost of improvement on the plot and is a capital expenditure. The same is a component of the cost of acquisition to be taken into account at the time of sale of the plot.
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