Capital gains
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 February 2014
whether cost incurred to demolish and rebuild a property eligible take in the form of cost of improvements or else the cost incurred to rebuilt the new house to be taken as cost of acquisition to compute capital gains?
Thank you.
Thank you.
CA PARAS BAFNA
(Expert)
10 February 2014
In case of rebuilding a property, both the costs can be treated as the "cost of improvement".
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