some of the construction expenses are paid in CASH in year 2007 (when the property was constructed)
can i take such expenses also as cost of acqision or not.
bhushan dronkar (48 Points)
22 March 2019
RAMAKRISHNAN R
(INCOME TAX OFFICER)
(1736 Points)
Replied 22 March 2019
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 22 March 2019
Kamal Verma
(Financial advisor)
(579 Points)
Replied 23 March 2019
Since cost of improvement was incurred during 2007 which is more than six year back, no evidence must be required by IT authority.
RAMAKRISHNAN R
(INCOME TAX OFFICER)
(1736 Points)
Replied 23 March 2019
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