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Section 54

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19 December 2009 is it necessary dat cost for improvment of residential property has to be incurr after purchase of property?
in my case i hd incurred it before registration of ma purchase agreement as my builder was guarantor in agreement between myself & contractor for development of property....

its urgent....

Plzzz help me..........

19 December 2009 yes cost of improvement will always after purchase,

before purchase it become the part of cost of acquisition

19 December 2009 Yes agree. It should be made part of cost of acquisition.


19 December 2009 too agree.



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