| Question And Answer | |
|---|---|
| Subject: | Whether cost of Acquistion of Flat includes charges such as Generator charges, Parking charges, etc. |
| Category: | Income-Tax |
| Querist: | Vaibhav Garg |
| Answered by: | Research Team |
| Tags: | cost of acquisition, parking charges |
| Date: | February 25, 2024 |
Whether cost of Acquistion of Flat includes charges such as Generator charges, Parking charges, etc.
Parking charges are paid for acquiring for allotment of parking place ,it is a cost attached to the flat hence to be added as cost of acquisition. However the generator charges is not for acquiring the flat hence may not be allowed as cost of acquisition .
Disclaimer: This article is only for general information and is not intended to provide legal advice. Readers desiring legal advice should consult with an experienced professional to understand the current law and how it may apply to the facts of their case. Neither the author nor itatonline.org and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any inaccurate or incomplete information in this article nor for any actions taken in reliance thereon. No part of this document should be distributed or copied (except for personal, non-commercial use) without express written permission of itatonline.org