Capital gains
This query is : Resolved
04 April 2014
My client was allotted a site from BDA and payments was done immediately where as they got it registered after 7 year from the date of payment.
1)Indexed cost of acquisition should be calculated from the date of payment to vendor or from the date of registration.
Please clarify.
1)Indexed cost of acquisition should be calculated from the date of payment to vendor or from the date of registration.
Please clarify.
04 April 2014
Indexation can be done from the date of payment since the allottee gets title to the property on the issuance of the allotment letter.
Inference is from CBDT Circular 471 dated 15.10.1986.
Inference is from CBDT Circular 471 dated 15.10.1986.
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