Bills for capital gain
we have shown expenditure for building construction of first and second floor in return for calculation of indexed cost of acquisition for that what we can give to income tax office?
We don't have any bills but income tax officer asking proper bills?
Replies (2)
What is the age of bldg. If it is more than 4 yrs u can get a chartered engineer certificate for valuation of construction. If it is recent u should produce transaction proof else the expenditure is not admissible for tax purpose
Building constructed on 1984
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
