Capitla Gain issue

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..... Capitla Gain issue
Query (Issue) Started By: - HITESH SHAH Dated:- 3-9-2015 Income Tax
Income Tax
One of our client had acquired commercial premises in 2004 and took the loan for the same. S .....

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..... uch premises was decided to be demolished in 2007 and to be newly re-constructed as per the arrangement with the society and developer. However, after demolition the said premises was never developed. .....

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..... Now my client is intending to sell the said commercial premises (though construction is not made) My query is whether interest expenditure incurred since last 10 years in relation to such premises b .....

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..... e allowed as cost of improvement?? Also can he get indexation benefit on such interest expenditure or is it deducted under other heads of income.
Discussion Forum - Knowledge Sharing .....

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