Capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2017 Hi,

I have sold a property located in Mumbai in the year 2014 and i want to claim the cost of improvement made in 1992 and 2001 worth INR 8 lacs and 14 Lacs respectively to the property.
However, I do not have invoices/supports for cost of improvement which had taken place as it is almost 20 years back.

Can anyone please guide me on the course of action and how can I prove that the improvement has taken place ?

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

13 September 2017 making Affidavit is one way of proving the same.
Secondly, if the improvements are still very much there in the property, you can take the valuation by Govt Approved Valuer.

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
Follow

13 September 2017 Yes. Taking valuation from a Govt approved valuer will be enough. It is cost effective too.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Dhananjay Singh

Hmr Babu

Mikilesh Shah

CA Jyoti Singh

Phani

Subscribe Now

Capital gain

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Manager- Finance and Compliance

Accountant

GST CONSULTANCY

CA Final

GST CONSULTANT