04 January 2023
I Have few doubts regarding how to calculate Indexed acquisition cost of a property. These are:-
1. Property was purchased in FY 2009-10 & 85% money was paid to builder. Registration & Sale Agreement was carried out same time. But as it was under construction property, Possession was given in FY 2010-11 & rest 15% paid. So Which year CII will be used for indexation purpose? 2. Stamp duty & registration charges paid during purchasing of this property will be added in property cost or not? Please clear my doubt. Thank you
04 January 2023
Cant CII can used for the year (FY2009-10) in which the registration of the property was done & maximum payment has been made? Kindly confirm
CAclubindia
