A plot was purchased in 2003-04 through POA. But it's registry was done in 2015-16. Everything done through cheque, no cash.
Query:
1) Which year will be taken for cost of acquisition ? 2003-04 or 2015-16 ?
2) In case if, 2003-04 would be taken as cost of acquisition, than how indexation of registry charges will be done ? From 2003-04 or 2015-16 ?
Thanks & Regards
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Property purchased through POA
Replies (3)
Quick Summary
When was the possession of plot received?
2003-04
1. If the payment/s were made in 2003-04, by cheques or bank transfers, then you can consider it 2003-04.
2. Registration charges paid would be considered as COI in 2015-16, indexation can be claimed from then.
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