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Capital Gain

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(Querist)
31 December 2008 My client has 1000 sq. mt of plot costing to Rs. 1500000. While ploting 100 sq. mt is kept open as per govt rule. then while calculation cost of acquisition
1) 1500000/1000 or
2) 1500000/900
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
31 December 2008 no the total area is taken as 1000 sq meter not 900 sq mt
who build the house it is important as per your agreement it is 1000 sq mt
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
07 November 2021 Second option is correct.
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