Cost of improvement in sale of tenancy rights
This query is : Resolved
16 January 2024
Capital asset being tenancy right in home is.sold to another tenant.
My.view -- acquisition cost will be nil due to tenancy rights bought before 2001 for no cost (if no cost is incurred before 2001) ,so fmv cant be taken..
But my q is.. can we take cost of improvement over the years from 2001 till today? Like repairs etc?
My view yes..n just index that cost of improvement
My q is..can we take cost of improvement
My.view -- acquisition cost will be nil due to tenancy rights bought before 2001 for no cost (if no cost is incurred before 2001) ,so fmv cant be taken..
But my q is.. can we take cost of improvement over the years from 2001 till today? Like repairs etc?
My view yes..n just index that cost of improvement
My q is..can we take cost of improvement
20 January 2024
https://taxguru.in/income-tax/section-55-cost-acquisition-improvement.html
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- Capital Gain on EUITY Shares
- Scrutiny assessments u/s 143(2) for AY 25-26
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
