19 November 2009
under income tax while calculating capital gains on the subsequent sale of the property, it will be deducted from cost of acquisition.
19 November 2009
the property is not owned by the assessee as the contract for purchase of property is not performed then how can he deduct the same from the cost of acquisition????
22 November 2009
What do you mean by "where are all the experts". do you think experts don't have any other work? or they always sit on the computer? you had mentioned nothing in your question as to who had cancelled the deal, buyer or seller?
CAclubindia
