Ltcg

RAJ KUMAR (FINANCE MANAGER) (1393 Points)

31 December 2011  

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.