Dear experts. i hav bought a flat from builder. i started giving Rs. 100000 annually since 2000 as installment to builders. but possession was given to me in 2008. after that i have incurred Rs. 200000/- in 2009 for painting etc of house.
My query is: can i claim indextation on the installment paid at the time of sale? will this be allowed yearwise? will Rs. 200000/- paid for painting be treated as renovation etc and indextation be allowed?
pls reply if sure also quote the section.
thanks in advance. 
Menu
can nobody solve this query?
Replies (1)
u can indeaxation since 2000 as u did part performence and u will allowed indexation for renovation also no yar wise only frm 2000 it will allwed ok
i m 85% sure for this if an mistake from me than sry for that in advance bye take care
Recent Topic
- CA FINAL FR IndAS 33 Doubt(Corrected)
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
Related Topics
CAclubindia
