Cost of capital of plot purchsed
This query is : Resolved
07 April 2012
Respected sir,
One of the our client is purchsed a plot on 12.10.2010 with the cost of Rs. 125000.00 , Registration fee Rs 1750.00 & other fees 175.00 , This is the cost which is include in the cost of Purchased.
Sir, We would like to ask ?
1. The client has made Agreeement of Purchase on the Stamp Paper of Rs.5000.00 , we ask that cost of Stam paper is added on the Cost of purchase OR Not ?
2. Give brief explanation regarding which type cost are included in the cost of purchase as per Capital Gain Valuation method of income tax ?
One of the our client is purchsed a plot on 12.10.2010 with the cost of Rs. 125000.00 , Registration fee Rs 1750.00 & other fees 175.00 , This is the cost which is include in the cost of Purchased.
Sir, We would like to ask ?
1. The client has made Agreeement of Purchase on the Stamp Paper of Rs.5000.00 , we ask that cost of Stam paper is added on the Cost of purchase OR Not ?
2. Give brief explanation regarding which type cost are included in the cost of purchase as per Capital Gain Valuation method of income tax ?
07 April 2012
Cost of purchase includes purchase cost, stamp paper expenses, registration expenses and commission paid for purchase.
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07 April 2012
COST OF PURCHASE INCLUDE THE COST THAT YOU HAVE INCURRED TO ACQUIRE THE ASSETS. e.g. PURCHASE VALUE , COMMISSION, ANY UP GRADATION, ETC
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07 April 2012
Thank You Very Much For your Valuable Response.
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