Capital gain

This query is : Resolved

RAVI SANGURI (Querist)
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13 February 2013 My Qurey is:-

I have purchased a Property (First floor & basement) for Rs. 26 Lacs.and 4.03 Lacs is paid for registering it to the registrar.

Can I add 4.03 Lacs in the Cost of Acquistion.

kunal

kunal (Expert)
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13 February 2013 in my view, yes you can add registration cost because it's directly related to acquisition of asset

thanks!

CA Prashant Gupta

CA Prashant Gupta (Expert)
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13 February 2013 exp of capital nature for completing or acquiring the title to the property are included in cost of acquisition.
but noramal registry rate is 7%.
so please check if these are imaginery figures or not.
so registry charges are included in cost of acquisition

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