Capital gains tax
This query is : Open
Guest
Guest
(Querist)
05 July 2013
i have purchesed plot of land in the year 1999 and construction of bunglow Compleated in the year 2001. i sold this bunglow with land appurtenantit in the F.y.12-13 So my quary is for indexation purpose which year i shoul consider??? 1999 or 2001
CA PARAS BAFNA
(Expert)
05 July 2013
Cost incurred for house can be considered as
Cost of Plot + Cost of Construction.
.
For land indexation will be available from the date of its purchase.
.
For construction, you can claim indexation for the costs incurred as & when.
.
You may have a different view from experts-
.
Cost of Plot + Cost of Construction.
.
For land indexation will be available from the date of its purchase.
.
For construction, you can claim indexation for the costs incurred as & when.
.
You may have a different view from experts-
.
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