Capital gains - cost of acquistion
This query is : Resolved
10 January 2014
DEAR PROFESSIONALS,
SUPPOSE IF I PURCHASE A LAND AND SELL IT LATER ON WHAT WILL BE THE COST OF ACQUISTION FROM THE FOLLOWING WHILE CALCULATING CAPITAL GAINS ON ITS SALE SUBSEQUENTLY.
STAMP DUTY VALUE :: RS.91000 /-
VALUE IN PURCHASE DOCUMENT:: RS.8200
CONSIDERATION ACTUALLY PAID:: RS.32000
YEAR OF PURCHASE :; 2006-2007
YEAR OF SALE::2010-2011
PLS CLARIFY
SUPPOSE IF I PURCHASE A LAND AND SELL IT LATER ON WHAT WILL BE THE COST OF ACQUISTION FROM THE FOLLOWING WHILE CALCULATING CAPITAL GAINS ON ITS SALE SUBSEQUENTLY.
STAMP DUTY VALUE :: RS.91000 /-
VALUE IN PURCHASE DOCUMENT:: RS.8200
CONSIDERATION ACTUALLY PAID:: RS.32000
YEAR OF PURCHASE :; 2006-2007
YEAR OF SALE::2010-2011
PLS CLARIFY
11 January 2014
the documented amounts ie the amount you paid as per records ie Rs 8200..
Message likes :
1 times
13 January 2014
IT WILL BE AGREEMENT VALUE OF RS 8,200.
Message likes :
1 times
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