COST OF ACQUISITION u/s 55(2)
• The price paid by the assessee for the acquisition of the asset.
• Expenses incurred for completing the title Is included In the cost of the asset.
• Expenses incurred In acquiring the asset or acquiring better voting rights
• Interest on capital borrowed for acquiring capital asset (however, expenditure incurred for acquiring loan amount for acquiring capital asset is not a part of cost of acquisition)
• Amount paid for discharge of mortgage, where the asset was mortgaged by the previous owner.
• Extra amount paid by coparcener for full ownership in specific property allotted to him by HUF