COST OF AQUISITION
This query is : Resolved
26 August 2008
Whether Extension Fee (Penalty for Non-Construction of house) paid to Housing Developement Authority is a part of Cost of Aquisition or not ??????? Plz give any case reference if possible
Whether Extension Fee (Penalty for Non-Construction of house) paid to Housing Developement Authority is a part of Cost of Aquisition or not ??????? Plz give any case reference if possible
27 August 2008
Extension Fee paid by the existing Owner for the future period is not a part of the Cost of acquisition.
However, the extension fee paid by the buyer for the period befor the date of acquisition on account of seller will definitely be a part of cost of acquisition.
However, the extension fee paid by the buyer for the period befor the date of acquisition on account of seller will definitely be a part of cost of acquisition.
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