HELLO FRIENDS, MY CLIENT HAS PURCHAED THE PROPERTY IN 2007 AND HE HAS BUILT CONSTRUCTION ON IT IN 2008. NOW HE SOLD HE PROPERTY IN 2011.
I WANT TO CALCULATE THE CAPITAL GAIN.
AS COST OF ACQUISITION IS REGISTERY VALUE
BUT HOW CAN I ASCERTAIN COST OF IMPROVEMENT.
HE HAS NOT MAINTAINED THE RECORD OF COST OF CONSTRUCTION.
NOW PLS. HELP ME HOW CAN COST OF IMPROVEMENT TO ASCERTAIN.
CAN I MAKE THE VALUATION FROM THE ARCHITECT.
IS IT ACCEPTABLE TO INCOME TAX DEPARTMENT.
PLS. HELP ME.
CAclubindia
