Property purchased through POA

187 views 3 replies
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
Replies (3)

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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details