banner_ad

Cost of acquisition

Tax queries 397 views 2 replies

In case a person "A" has 2 brothers, and his father dies, leaving behind a property (Plot) and then A pays of his brothers to acquire their share in the property and becomes the owner of the plot.

Now A wants to sell this property, how will the cost of acquisition be calculated?
Can A include both the cost paid to brothers for their share and the cost to previous owner while calculating the cost of acquisition?

Replies (2)

Previous Owner Proportionate cost attributable to A.Amount paid to both Brothers will form part of COA.However indeaxation will be for different years

HELLO FRIEND ....

CAPITAL GAIN WILL BE CALCULATED AS MENTION BELLOW :- FOR A 

AS THERE ARE TOTAL 3 SONS (ASSUME , A B C ) OF THE  ORIGINAL OWNER 

 

             SALE = XXX

LESS:-  COA= XXX (A's share taken from father)(indextation from the date of purchase by father)

LESS:- COA = XXX (B's share taken by A) (indextation from the date of purchase from B)

LESS:- COA = XXX (C's share taken by A) (indextation from the date of purchase from C)

 

 

THANKS

 

SHIKHAR 

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details