16 June 2011
One house consist three floor First F. Occupied by Assessee and Sell in 10-02-2011 of Rs. 2920000. Such house inherited by way of will after died of his mother on 25-07-1996. Such property registered in court and paid Stamp Duty on 14-02-2009 by the assessee and value of such first floor on that date decided by Stamp Value Authority is Rs. 932801/-. so Please Tell me What is The C.O.A. Of That First Floor? Can We tkae COA of Rs. 932801/- and apply Index? there is no other value mentioned in documents and also not awere by assessee.
17 June 2011
COST WILL BE THE COA TO PREVIUOS OWNER THAT IS MOTHER GET THE VALUATION DON EBY A REGD VALUER WHO WILL DETERMINE THE VALUE ON THE DATE THE MOTHER ACQUIRED THE PROPERTY
CAclubindia
