profestional Exp (Lawers fee Drafting For sale & purchase Deed )Incured at the time of Purchasing of property..
are included for cost of acquition or not
if Included then We apply indexation or not
plz do needfull
Its Urgent
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Cost of acquition plz hellp its urgent...................
Replies (5)
of course it will be included in COA as it is directly related to aquisition.
and definately indexation will apply..
Definitely . Drafting deed directly form part of cost of asset or cost of acquisition. Hence indexation will apply to the amount including drafting cost.
thanx for ur rply........
but law is silent regarding this
can u plz provide relevent section as per IT Act ... or a decided case in this regard.
1) Yes. CoA includes every exp that is incurred directly to bring the asset to the present location & condition.
2) Indexation benifit will also be avilable.
| Originally posted by : SOHAM H. SHUKLA | ||
 |
1) Yes. CoA includes every exp that is incurred directly to bring the asset to the present location & condition. 2) Indexation benifit will also be avilable. |
 |
agree with all
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