• Documentary Eveidnce Required to Substantiate Capital Gain Tax

What are the Documentary Evidence Required to Substantiate Capital Gain Tax:
For eg. I have purchased a flat for which deed of purchase between myself and builder of the flat was done in 2011. This flat I had sold this flat in December 2015 before registry as registry wasnt offered by builder/ Noida authority due to despite between builder & noida authority. Will this case be considered as long term capital gain.

The gain arising from above sale was invested by myself in 2015 immediately for purchase of another flat.

Manas Pathak
Asked 2 years ago in Capital Gains Tax from noida, Uttar Pradesh
Dear Manas,

Agreement between you and builder and payment from bank account to builder is sufficient evidence
Abhishek Dugar
CA, Mumbai
2936 Answers
123 Consultations

5.0 on 5.0

Sorry i think your question is being answered by my professional colleague
Shyam Sunder Modani
CA, Hyderabad
1408 Answers
95 Consultations

5.0 on 5.0

Dear Sir,

Do you have any other proof light electricity bill to substantiate your purchase date ?

Trust this clarifies your query. 

Feel free to call back/ get back in case of further clarifications. 

Thanking You. 

Rohit R Sharma
Rohit R Sharma
CA, Mumbai
2104 Answers
91 Consultations

5.0 on 5.0

Ask a Chartered Accountant

Get tax answers from top-rated CAs in 1 hour. It's quick, easy, and anonymous!
  Ask a CA