Cost of improvement
This query is : Open
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?
16 August 2011
The query has been replied under the head of Income Tax Queries in Forum. Pl. refer-
.
https://www.caclubindia.com/forum/cost-of-improvement-capital-gains-162444.asp
.
https://www.caclubindia.com/forum/cost-of-improvement-capital-gains-162444.asp
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
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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