Capital gain
This query is : Resolved
22 July 2015
we have shown expenditure for building construction of first and second floor in return for calculation of indexed cost of acquisition for that what we can give to income tax office? We don't have any bills but income tax officer asking proper bills?
Soumitra Basu
(Expert)
23 July 2015
GET IT VALUED BY A INCOME TAX AUTHORISED VALUER.
I THINK THAT WILL SERVE THE PURPOSE.
GIVE AN AFFIDAVIT BY STATING THAT YOU YOURSELF PURCHASED THE MATERIALS AND SUPERVISE THE CONSTRUCTION. YOU DID NOT KEEP ANY BILLS FOR THIS PURPOSE.
I THINK THAT WILL SERVE THE PURPOSE.
GIVE AN AFFIDAVIT BY STATING THAT YOU YOURSELF PURCHASED THE MATERIALS AND SUPERVISE THE CONSTRUCTION. YOU DID NOT KEEP ANY BILLS FOR THIS PURPOSE.
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