Cost of improvement

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CA YOGESH GARG GMG PLYWOODS (Querist)
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16 August 2011 Cost of improvement, too, is taken in the consideration in order to arrive at the long term capital gain in case of immoveable property. How does one prove the expenses incurred in the immoveable property to avail the benefits? What if there are no bills related to these expenses incurred? What if there are many dates/years in which improvements/enhancements were made to the immoveable property? How does one calculate that?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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16 August 2011 The query has been replied under the head of Income Tax Queries in Forum. Pl. refer-

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https://www.caclubindia.com/forum/cost-of-improvement-capital-gains-162444.asp

CA YOGESH GARG GMG PLYWOODS

CA YOGESH GARG GMG PLYWOODS (Querist)
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17 August 2011 sir my Question is
Cost of improvement is taken in the consideration in order to arrive at the long term capital gain in case of immoveable property. How does one prove the expenses incurred in the immoveable property to avail the benefits? What if there are no bills related to these expenses incurred?? how can we prove our exp to deptt

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