Ltcg- house property

This query is : Open

DIXIT VERMA (Querist)
Follow

21 November 2011 An assessee purchased House Property and spent money on construction of boundry walls, installation of main gate, repairs n renovation before shifting to that property. Does all these expenses amounts to Cost of Improvement? The assessee dont possess any records of such repairs like payment to workers and purchase of material i.e. bricks, cement etc. Can he still claim the benefit and on what grounds?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

21 November 2011 The expenses can certainly be told as cost of improvement.
.
The evidences may be produced by assigning the work to contractors and getting bills from them for work done and material utilised by them.

DIXIT VERMA

DIXIT VERMA (Querist)
Follow

21 November 2011 But Sir, in small towns normally the work of improvement is not given on contract. All the material is puchased by the assessee himself n labour is hired to accomplish d work. What can be done in this case? Plz guide...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

shobi H

P.S.Satya narayana

SARAVANAN PALANISAMY

tsrandcompany@gmail.com

nandeesh mashyal

Subscribe Now

Ltcg- house property

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

CA Final

GST CONSULTANCY

Senior Executive

Accountant

Manager- Finance and Compliance