TO CLAIM EXEMPTION U/S 54F WHETHER THE FOLLOWING COST TO BE INCLUDED IN THE COST OF NEW ASSETS
REGISTRATION FEE
BROKERAGE
MARBLE AND OTHER FITTING IN THE FLAT
5 Replies
FATEMA
(CHARTERED ACCOUNTANT)
(719 Points)
Replied 09 December 2009
Dear Omprakash,
Cost of acquisition of an asset is the value for which it was acquired by the assessee.Expenses of capital nature for completing or acquiring the title to the property are includible in the cost of acquisition
Registration fee and brokerage being expenditure incurred for acquiring the title and the marble fitting expenditure being expenditure for completing the property are included in the cost of acquisition
(Guest)
| Originally posted by :OM PRAKASH BANKA | ||
| " | TO CLAIM EXEMPTION U/S 54F WHETHER THE FOLLOWING COST TO BE INCLUDED IN THE COST OF NEW ASSETS REGISTRATION FEE BROKERAGE MARBLE AND OTHER FITTING IN THE FLAT agrried with Fatema.......... |
" |
Hareesh H Sharma
(Cleared IPCC..now article)
(894 Points)
Replied 09 December 2009
Yup all those costs can be included...One more dbt friends...
For these exemptions can the cost of land appurtanent to the house be also included or is it just the cost of residential house?
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