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Capital gains

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Querist : Anonymous

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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?

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CA PARAS BAFNA

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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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