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TMI Bloglong term capital gain on selling officeX X X X Extracts X X X X X X X X Extracts X X X X ..... long term capital gain on selling office X X X X Extracts X X X X X X X X Extracts X X X X ..... do to prove the construction? What aspects of maintenance would count, if any? He installed electricity, hired a cleaner, built boundary etc. He had to fight in court for years to claim his inheritance - Will lawyer fees etc. count as cost of acquisition? He lives in US, and he had to fly twice to India to settle the deal. Does the airfare count as expenditure? Reply By Sunil K. Jain: The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply: For the purpose of FMV one has to be in touch with the regd valuer of immovable property who will also will provide the cost of constrcution also for that period. Insttaltion of electiricity, and boundry wall will be part of cost of contrcution. Lawyers fee etc and airfare are not part of cost of acquisiton. Reply By PRASAD GORTHI: The Reply: The value of the plot can be obtained from th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e local state government Registar's office or from the local body duly certified. To proove the construction, Registered Valuers certification will serve the purpose. All capital expenditure such as cost of electrification etc., will form part of the cost of the building. Claner charges are revenue nature and do not form part of the cost. Lawyer's fees, court expenses, air fares etc., will form pa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rt of the cost of acquisition. X X X X Extracts X X X X X X X X Extracts X X X X
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