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Indexed cost of improvement
Assessee has incurred cost of improvement but doesn't has any proof for same. In case if he claims the same while calculating the capital gains and the assessing officer sends any notice how can he claim the same.Are there any case laws regarding the same..?
Replies (29)
Quick Summary
Until the assessee was asked to produce proof in support of improvement costs there's no problem, if not you are required to submit proof in support of your claim. better get a valuation report from a registered valuer to substantiate your claim
Add cost of improvement having substantial proofs.
If the payment for cost of improvement is made from Bank using online modes then it may be sufficient.
You can show the cost of improvement now and arrange invoice later on if any required from assessing officer. Until and unless asked for, you need not required any proof.
Cheque is not acceptable. I don't accept .I strongly protest.
What is this @ Sabyasachi Mukherjee
Just reply with some sense
Just reply with some sense
@ Varsha ,
If you have built capital asset then that can be a valid reason for COI. If land is bought and compound wall can be a proof if it additionally built
God knows about strong protest 🤣 effect of Another peg (Sunday).
If you have built capital asset then that can be a valid reason for COI. If land is bought and compound wall can be a proof if it additionally built
God knows about strong protest 🤣 effect of Another peg (Sunday).
🖖🏼😂😂😂😂 Got what you say,(peg)
🤗🤗🤗About Sabyasachi
Yes I know.
He want to protest strongly.. He may be normal by tomorrow morning 😂
Till date we don't know she is she or he????😅
🤗🤗🤗 I wrote PM but no response 😂 It's highly confidential 🤗 Can't be disclosed
I have Googled. He is he only by name and not she
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