Capital gain in a sale of a plot purchased on assignment agreement

[Prasanna]

i have purchased a property(villa plot) on assignment agreement by paying 50% to the assignor and 50% to the developer. The sale deed consideration is for 50% value, all transactions are legal and digital. TDS done for 50% and stamp duty paid is for 50%, can i consider 100% value of the property for capital gain if i sell it?

 

AI Summary

Cost of acquisition governs capital gains on assigned property; documented total outlay, not deed value, determines tax basis.
Capital gain on an assigned plot is computed using the purchaser's total documented expenditure as the cost of acquisition, encompassing payments to both assignor and developer plus incidental acquisition costs; the registered deed's stated consideration does not alone determine cost. Indexed cost adjustments apply to this aggregated expenditure. Proper assignment documentation, payment proofs and compliance records are essential to substantiate the aggregated cost for capital gains computation and to address any valuation or duty related queries arising from differences between deed value and actual payments.