Capital gain
This query is : Resolved
27 July 2016
hello, can you please tell me while selling a capital asset being residential house property,what should i take as cost of acquisition if i had purchased the property @ Rs. 5,00,000 but the FMV was 6,00,000 and i had paid the stamp duty on FMV ?? And what about registration cost, will it be form part of cost or not?
27 July 2016
1. Cost of acquisition is FMV.
2. Stamp duty and registration fee can also be added to the cost.
2. Stamp duty and registration fee can also be added to the cost.
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