cost for capital gain purpose
This query is : Resolved
21 January 2009
for a residential house what shall be the cost for capital gain calculation
1. actual amount paid i.e. 7 lakhs
2. amount recorded in sale deed i.e. 3 lakhs
1. actual amount paid i.e. 7 lakhs
2. amount recorded in sale deed i.e. 3 lakhs
21 January 2009
Amount recorded in sale deed plus all the incidental costs.
Cost of any repairs and renovations has to be added.
Cost of any repairs and renovations has to be added.
22 January 2009
I assume that the actual amount paid does not mean to include any unaccounted cash payment or black money. In such a case the cost of acquisition shall be the actual amount of Rs. 7 lac paid as consideration and the stamp duty paid as per the deed. However, it appears that Stamp Duty has not been paid in full which may be a cause of penalty proceeding under the relevant Act.
08 February 2009
Amount in sale deed
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Management System (IMS)
- Rental income gst and it purpose
- FTS Taxable under 115A
- Experts need help
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- EPF FULL & FINAL RULES IN 2026
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
