I have sold a land in 2021 after demolishing the building. The buyer wanted us to demolish the building before getting the registry of land .
We purchased both the building and land in 1960.
What should be the cost of acquisition as on 2001.
Smriti Agarwal (Self employed ) (24 Points)
27 March 2022I have sold a land in 2021 after demolishing the building. The buyer wanted us to demolish the building before getting the registry of land .
We purchased both the building and land in 1960.
What should be the cost of acquisition as on 2001.
CA Surya Sekar
(CFO )
(1347 Points)
Replied 27 March 2022
Eswar Reddy S
(CFO- at NHTF)
(58263 Points)
Replied 27 March 2022
Smriti Agarwal
(Self employed )
(24 Points)
Replied 27 March 2022
Will both land and building be included as cost of acquisition
Eswar Reddy S
(CFO- at NHTF)
(58263 Points)
Replied 27 March 2022