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This query is : Resolved
Guest
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
Please advise on the above at your earliest
30 May 2009
Pl try for a valuation report from an approved valuer for the cost of the Furniture.
30 May 2009
yes, agreed with mr. warrier
30 May 2009
Sale of furniture is not liable to capital gains tax since it is a personal asset.
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