Capital gain

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yogendra (Querist)
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04 June 2013 if a person acquired a residential house under the housing board scheme on installment basis in 1992-93 and latter sold in f.y. 2012-13.so to calculate LTCG what will be the cost of that assets.(with reference of section.)

if subsequent buyer of the assets wants to registry of assets so is there any provision to file the income tax return behalf of seller.

thank you.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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16 June 2013 Cost of the assets is the actual purchase cost of the previous seller even paid in installment also, actual property price can be considered as purchase cost

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