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.
CAclubindia
