LTCG Cost of Improvement
This query is : Resolved
Quick Summary
25 April 2025
I sold an apartment in a 30-year-old building after holding for 23 years in April 2025 to cover my daughter's marriage expenses. Can I show improvement costs after indexation to reduce LTCG? I had about 8 tenants during this 23-year tenure. For every new tenant, I got the apartment freshly painted with minor plumbing works like changing taps, doors, and commode, etc. Can I take these expenses for improvement costs?
During 2002, before occupying the apartment by doing a vastu pooja. I made a few alterations to the walls and included the balcony in the master bedroom to get more carpet area. Can these costs be included towards improvement?
Please advise In detail?
During 2002, before occupying the apartment by doing a vastu pooja. I made a few alterations to the walls and included the balcony in the master bedroom to get more carpet area. Can these costs be included towards improvement?
Please advise In detail?
25 April 2025
Yes to both provided you have valid bills for the expenses, with payment receipts.
28 September 2025
Good luck.....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- ARCA LOGIN
- Capital gain on commercial property and investment in residential property
- RCM and same line
- TDS Return Statement Status
- Rectification under processing even after 6 months cpc portal
- Rent agreement of House of deceased person
- Appointment of Auditor By Form ADT-1
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
