banner_ad

Cost of acquisition for purpose of capital gain

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 April 2014 Dear Experts,

Suppose, I had Purchased immovable property in year of 2000 for Rs. 10 lacs, on which I had paid Rs.10,000 as stamp duty. However, in year of 2002 Stamp value authority calculate value of that property as Rs.12 lacs and therefore I had paid Rs.2,000 additional stamp duty.
Now, in case I am going to sale such property then what will be my cost of acquisition for calculation of capital gain, whether Rs.10 lacs+Rs.10000 OR Rs.12 lacs+ Rs.12000 ??

Thank you in advance
Profile Image

CA Jitender Sharma

Profile Image

CA Jitender Sharma (Expert)
14 April 2014 Consider Rs 10 lacs+ 10k= cost of acquistion
(also consider cost of indexation of year 2000-01)
and
Consider Rs 2000 as cost of improvement
(also consider cost of indexation of year 2002-03)
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
15 April 2014 rs. 10.10 lacs for year 2000

and rs. 2000 stamp duty in paid year

all are include in cost of acquisition
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details