House Acquisition Cost for capital gains purpose

Tax planning 276 views 1 replies

I have bought a plot in bangalore and constructed house in 2003. Now I am planning to sell the property.

For calculating Capital gains, for land I have government value in a registered document.

I am looking at how to arrive at my acquisition cost of the building.

Will approved evaluator report of cost of building at time of acquisition is accepted by income tax?

I don't have any bills for the house constructed.

Thanks

 

Replies (1)

Though it would be questionable without the proof of any payments by bank, but it is a sort of options available in the act.


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