Cost of acquisition
This query is : Resolved
shivani verma
(Querist)
27 April 2015
Greetings!!
I have got a house from my parents which i have sold in FY 2014-15. The house was constructed by my parents before 01.04.1981.
What would be the cost of acquisition for the house and for whose year indexation will be used?? Will both components, land as well as building, be taken into consideration while computing Cost of Acquisition??
I have got a house from my parents which i have sold in FY 2014-15. The house was constructed by my parents before 01.04.1981.
What would be the cost of acquisition for the house and for whose year indexation will be used?? Will both components, land as well as building, be taken into consideration while computing Cost of Acquisition??
CA PARAS BAFNA
(Expert)
27 April 2015
1. Value of the property as on 1.4.1981 is considered as cost of acquisition. Accordingly indexation will be available from 1.4.1981.
.
2.For Land & Building, combined valuation may be obtained from the registered valuer.
Cost of land will also be considered.
.
.
2.For Land & Building, combined valuation may be obtained from the registered valuer.
Cost of land will also be considered.
.
CA AnKiT BoHrA (AB)
(Expert)
27 April 2015
Agreed with above expert views
shivani verma
(Querist)
28 April 2015
from where this value of property cab be obtained. i mean from tehsil or from somewhere else
shivani verma
(Querist)
30 April 2015
pl revert.. Its urgent
CA AnKiT BoHrA (AB)
(Expert)
30 April 2015
you can take the value from the registered valuer dear
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