Capital gain cost of improve

Hi,

As per Sec 55- COI should be :-

1. Capital in nature.
2. Incurred in making any addition / alteration to capital asset.

Maintenance is not a capital expenditure even if it is paid in lumpsum.

Secondly it cannot be construed that this expenditure is incurred for addition / alteration to capital asset.

Hence as per AJH reading this should not be included as cost of improvement. 

*Subject to any recent case law.

For any further query PM or mail me.

AJH & CO.

anubhavjain @ ajhco.in

Thanks T. A Singh and Anubhav for your reply.