Long Term Capital Gain - Cost of Acquisition
This query is : Resolved
Quick Summary
Soyam M Vahora
(Querist)
03 December 2020
I have sold my residential property after holding more than 2 yrs.
The property purchase value as per registered purchase agreement is INR 29L
In Addition to said regd. agreement amt (29L), I have also paid INR 3L by A/c payee cheques to builder towards Society Maintenance + Service Tax + Maintenance Deposit +Infrastructure Development Charges + Auda Legal Charges etc. as per their demand.
Now my question is whether I can include said other exp. of INR 3L in Cost of Acquisition Amt. , pls guide me which exp. is eligible in addition to cost of acquisition.
Pls help me in this matter.
Your quick reply shall be highly appreciated...
The property purchase value as per registered purchase agreement is INR 29L
In Addition to said regd. agreement amt (29L), I have also paid INR 3L by A/c payee cheques to builder towards Society Maintenance + Service Tax + Maintenance Deposit +Infrastructure Development Charges + Auda Legal Charges etc. as per their demand.
Now my question is whether I can include said other exp. of INR 3L in Cost of Acquisition Amt. , pls guide me which exp. is eligible in addition to cost of acquisition.
Pls help me in this matter.
Your quick reply shall be highly appreciated...
CA R SEETHARAMAN
(Expert)
03 December 2020
Yes, include other exp 3 lacs in cost of acquisition.
Soyam M Vahora
(Querist)
03 December 2020
Thanks Sir for your early reply...
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