Can Vacant Land Tax paid be considered as part of the cost and accordingly claim indexed cost of such vacant land tax paid while working out capital gains on sale of industrial land?
GOVINDA PRASAD B N (PARTNER) (34 Points)
04 December 2017Can Vacant Land Tax paid be considered as part of the cost and accordingly claim indexed cost of such vacant land tax paid while working out capital gains on sale of industrial land?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166486 Points)
Replied 11 December 2017
Only if it is capitallized.
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