Advertise With Us

    Capital Gain

    Posted By : CS Shiriti / Published on : 14-Jan-2020 09:44 AM / View : 490 / Comment : 0

    Print button
    An assessee has purchased a house property for 3 crores out of sale proceed of a vaccant site of Rs. 6.25 crores. After purchase of the new house property he has spent around Rs 60 lakhs for installing Air Conditioners. solar Energy system, Moduler Kichen, LED Televisions, screens and blinds for windows,, etc and made cub boards , spent labour on them, to make the house to suit his needs and habitable for his style of living.

    The assessing officer disallow all the above allowing only 10 % of them saying that the builder himself has provided main facilities. whether his dis allowance is correct?
    Read more on : gain capital

      Please Select File:



    Other Queries from CS Shiriti
    Like us on Facebook
    Follow Us on Twitter

    We are always here to help you. Don’t hesitate to contact us anytime!

    +91-9988424211 or ask@compliancecalendar.in