Romeo (Working) (87 Points)
03 December 2015Respected Sir/Madam,
when we had bought a property some years back, the builder had taken separate amount for light and water.
can we consider that amount in cost of aquisition of this property ?
Please guide me.
Thank You.
CA Reshma K N
(CHARTERED ACCOUNTANT)
(96 Points)
Replied 04 December 2015
Hello..
Cost of aqcuisition of the property shall include all the cost incurred in making the sale/tranfser. The additional charges paid for water and electricity if are towards the connection for the property, they can be a part of your cost as well.
Romeo
(Working)
(87 Points)
Replied 04 December 2015
Thank you Madam for your quick and accurate reply.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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