Capital gain
This query is : Resolved
12 December 2012
Dear expert following is a
Query regarding cost of indexation to be taken on enhanced construction in residential property after few years of Allotment .
Mr X booked a house in 2000-01 , allotment money was paid in 2002. For this Mr X paid Rs20 lacs over the years in installments .
In 2010 due to enhanced construction the property cost increased to Rs30 Lakhs.(ie 10 is the cost of enhanced compensation)
Question :-
Cost of indexation for the enhanced property will be taken for 2002 when the allotment money was paid or when enhanced construction was made in 2010
please reply ASAP :)
Query regarding cost of indexation to be taken on enhanced construction in residential property after few years of Allotment .
Mr X booked a house in 2000-01 , allotment money was paid in 2002. For this Mr X paid Rs20 lacs over the years in installments .
In 2010 due to enhanced construction the property cost increased to Rs30 Lakhs.(ie 10 is the cost of enhanced compensation)
Question :-
Cost of indexation for the enhanced property will be taken for 2002 when the allotment money was paid or when enhanced construction was made in 2010
please reply ASAP :)
13 December 2012
COST INFLATION INDEX SHALL BE CALCULATED FROM THE DATE OF ALLOTMENT.
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