It is obligatory for a tax payer to declare the cost of construction for his new house or reconstruction / remodeling of his immovable property. He is required to substantiate his say with a report from a competent valuer. We provide such services.
Any profit arising from the transfer of a capital asset is chargeable to tax under the head ‘capital gains’. It is necessary to obtain the indexed cost of acquisition of the property and to obtain the value of the property as on April 1, 2001, for assessing the capital gains. We are capable of providing such services.