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Capital gains in respect of house property

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 October 2013 An assessee purchases a plot and starts constructing a house property (ground Floor), later due to shortage of funds the assessee sells 48% share of land(frist Floor) to an outsider(assessee being the owner of 52% of the land).
when the assessee sells the ground floor what will be the cost of acquisition for computing LTCG??
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
31 October 2013 Cost of acquisition is :-

i) cost of 52% of land and

ii) cost of construction of ground floor.
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Querist : Anonymous

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Querist : Anonymous (Querist)
31 October 2013 thank you ....
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