Capital gain
This query is : Resolved
13 February 2013
My Qurey is:-
I have purchased a Property (First floor & basement) for Rs. 26 Lacs.and 4.03 Lacs is paid for registering it to the registrar.
Can I add 4.03 Lacs in the Cost of Acquistion.
I have purchased a Property (First floor & basement) for Rs. 26 Lacs.and 4.03 Lacs is paid for registering it to the registrar.
Can I add 4.03 Lacs in the Cost of Acquistion.
13 February 2013
in my view, yes you can add registration cost because it's directly related to acquisition of asset
thanks!
thanks!
13 February 2013
exp of capital nature for completing or acquiring the title to the property are included in cost of acquisition.
but noramal registry rate is 7%.
so please check if these are imaginery figures or not.
so registry charges are included in cost of acquisition
but noramal registry rate is 7%.
so please check if these are imaginery figures or not.
so registry charges are included in cost of acquisition
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