23 December 2020
My Client during the year 2019-20 has sold land for Rs.20.00 lakhs. He has purchased land during the year 2004-05 for Rs.4.96/- lakhs and he paid Regularisation charges for Rs.1.60 lakhs during the year 2019-20 before sale of land (i) can we calculate the regularisation charges as cost of improvement sale of the land on capital gains