It act
This query is : Resolved
01 February 2018
Dear sir,
Land is purchased before the year 2000 and land is regularised under Land Regularisation act by paying development charges to govt in 2010. Whether development charges and fees paid will be treated as cost of improvement or deducted under income from house property as municipal taxes under IT Act 1961. Hence a clarification is required where such expenses should be shown?
Land is purchased before the year 2000 and land is regularised under Land Regularisation act by paying development charges to govt in 2010. Whether development charges and fees paid will be treated as cost of improvement or deducted under income from house property as municipal taxes under IT Act 1961. Hence a clarification is required where such expenses should be shown?
01 February 2018
Apparently, the expenditure can be treated as cost of improvement being capital
in nature.
in nature.
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
- House Property Reporting in ITR
- Refund Annexure-B
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- TDS Challan Code
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
