Case Law Details
Case Name : Rajesh Sunderdas Vaswani Vs DCIT (ITAT Ahmedabad)
Related Assessment Year : 2017-18
Courts :
All ITAT ITAT Ahmedabad
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Rajesh Sunderdas Vaswani Vs DCIT (ITAT Ahmedabad)
Advance payment made for acquisition of property – Indexation from year of payment or year of registration of purchase deed?
The issue involved in this case is whether the benefit of indexation is available on ‘advance payment’ made for acquisition of property or whether the benefit of indexation is available from the year of registration of purchase deed.
Assessee had made advance payment of Rs. 50 lakhs for acquiring properties in financial year 2008- 09. The above properties were transferred in favour of the assessee by e...
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Year wise payments have to be indexed adopting respective CII and entered in sub column (b)(iia) of column B of Schedule CG
How to fill the ITR-2 whwre the payments are given over several years for undersconstruction property. the builder buyer agreement was done in 2012 and payments were paid between 2012-2018 . 2018 conveyence deed was done. The ITR form only shows date pf purchase and value of purchase. how to mention payment schedule related cost indexation in te hITR ? please help and advise