Construction cost
This query is : Resolved
thyseengaziya
(Querist)
17 November 2015
Whether Investment in Residential Flat only covers Expenditure incurred on Roof, Walls, Carpet area and Electrical Fittings etc..What about Cupboard fitted in kitchen, living area, Bedroom by the builder, whether the Income Tax officer would treat this towards Capital Cost of Construction or it will be excluded at the time of valuation of the property.
Thanks in Advance.
Thanks in Advance.
CA R SEETHARAMAN
(Expert)
17 November 2015
It will be included at the time of valuation of the property.
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