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by sks74
Mon Feb 09, 2015 8:16 am
Forum: Indian Jobs & Career
Topic: Free Promotion: KKA answers your tax questions - 2015
Replies: -1
Views: 9

Free Promotion: KKA answers your tax questions - 2015

[B]How to find out land cost of Flat?
[/B]
I have a rental flat in Pune which I put on rent last year. I know how much I paid but I don't know the land cost. How do I determine the last cost? Land cost is used for depreciation purpose.

Thanks in advance.
by sks74
Mon Feb 02, 2015 6:09 am
Forum: Indian Jobs & Career
Topic: How to determine cost basis for second home?
Replies: -1
Views: 0

How to determine cost basis for second home?

[h=1]I bought apartment in India in 2004 and I sold in 2014. I was looking into tax paid in India and it has Indexed Cost. Should I use "Indexed Cost" as a cost basis or the "original buy price" for my US tax filing purpose?[/h][COLOR=#444444][FONT=Avenir] Here is what I see in the tax document ...

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