01 January 2009
My client has 1000 sq. mt of plot costing to Rs. 1500000. While ploting 100 sq. mt is kept open as per govt rule and plotted 2 plots of 450 sq. mt each. At the time of selling these plots, cost of acquisition is for 500 sq. mt or 450 sq. mt 1) 1500000/1000 or 2) 1500000/900
01 January 2009
when you are purchase plot & on stamp duty it is indicated as a plot of 1000 sq mt so when you sold the same it is 1000 sq mt when one person build the house then he build as per municipals rules so it is 1000 sq mt plot when muncipal ask you to kept the open land then additional fsi given to you by the muncipalty
CAclubindia
