https://www.taxtmi.com/forum/issue?id=1572 Demand for proof of repair expenditure concerns the AO's satisfaction about correctness of capital gains claims; when original bills are missing, the assessee may rely on alternative evidence such as bank payment entries, balance sheets, employer declarations, contractor or self declarations, photographs, municipal valuation changes, and registered valuer opinions. Establishing the fair market value as on 01.04.1981 and applying indexation is an alternative that can reduce reliance on original cost and improvement receipts. en-us Thu, 29 Oct 2009 13:53:41 +0530 Thu, 23 Jan 2025 15:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1572 Demand for proof of repair expenditure concerns the AO's satisfaction about correctness of capital gains claims; when original bills are missing, the assessee may rely on alternative evidence such as bank payment entries, balance sheets, employer declarations, contractor or self declarations, photographs, municipal valuation changes, and registered valuer opinions. Establishing the fair market value as on 01.04.1981 and applying indexation is an alternative that can reduce reliance on original cost and improvement receipts. Discussion-Forum Income Tax Thu, 29 Oct 2009 13:53:41 +0530 https://www.taxtmi.com/forum/issue?id=1572