Cost of acquisition for purpose of capital gain

This query is : Resolved

Querist : Anonymous

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

CA Jitender Sharma

CA Jitender Sharma (Expert)
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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)

Rupesh Jain

Rupesh Jain (Expert)
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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

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