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Guest

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Guest (Querist)
30 May 2009 An assessee has sold a residential flat along with furniture and fixtures, the sales consideration for which is available seprately. However no details of separate cost of acquistition of furniture is available neither is any details of seprate cost of making the furniture is available.

Please advise on the above at your earliest
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
30 May 2009 Pl try for a valuation report from an approved valuer for the cost of the Furniture.
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Ca Anand Dubey

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Ca Anand Dubey (Expert)
30 May 2009 yes, agreed with mr. warrier
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
30 May 2009 Sale of furniture is not liable to capital gains tax since it is a personal asset.

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