Capital Gains on sale of DDA Flat

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  1. rabaos

    rabaos New Member

    I had bought DDA flat in 1995 from original allottee
    Subsequently paid monthly Installments to DDA for next 10-yrs approx.

    How the Cost of Acquisition would be calculated.?

    Regards,
     
  2. rudrabose

    rudrabose Active Member

    The Cost of Acquisition would be the Amount paid by you to the Original Allottee + the Amount paid by you to DDA.
     
  3. rabaos

    rabaos New Member

    Amount to DDA was paid in monthly installments.
    So for cost of inflation index purpose, which year would be considered as year of purchase. Year the final Installment was paid to DDA (eg. 2005) or the Year purchase was done from allottee (1995)
     
  4. rudrabose

    rudrabose Active Member

    The year in which the purchase was done from the original allottee and the purchase deed registered would be considered as the year for the purpose of Indexation.
     
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