Capital gain 3 q

what is full form of Dlc????????

1) Sale consideration is to be taken actual SC or SDV [Stamp duty valuation] whichever is higher. - I think DLC have no relevance with SDV.

2) Yes, deduct Dalali as transfer Exp from the SC

3) Relevent proof of "cost of improvement" can be asked by department, paid in cash or cheque is irrelevant.

4) You have to go throw calculation of capital gain by applying indexation of relevent years for cost of improvement & for the cost of acquistion, then we can get idea about investment need to be done under Bond and get full exemption.

agreeing with the above reply, capital gain =14.5-2.7-3.16=8.64, so if we invest this amount in NHAI bonds ur capital gain is fully exempted, here 3.16 is indexed benefit for cost incurred for construction of the wall.u should have proof of cost of the improvement.

Originally posted by : Riya Jain
	thas is something bothering anyway thanks for replying :)

pratically speaking, if you take cost of improvement and in case any inquiry came from the department you have to convince them by giving proof of your exp...its is same like any other Exp to Dr to P & L account.