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Section 54

This query is : Resolved 
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(Querist)
19 December 2009 is it necessary dat cost for improvment of residential property has to be incurr after purchase of property?
in my case i hd incurred it before registration of ma purchase agreement as my builder was guarantor in agreement between myself & contractor for development of property....

its urgent....

Plzzz help me..........
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CA Balram Sharma

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CA Balram Sharma (Expert)
19 December 2009 yes cost of improvement will always after purchase,

before purchase it become the part of cost of acquisition
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
19 December 2009 Yes agree. It should be made part of cost of acquisition.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
19 December 2009 too agree.
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