Capital gain
This query is : Resolved
28 December 2013
Whether addition of furniture on previously occupied property will be counted in cost of improvement of such property if sold??
Even furniture is capital asset then too we cannot calculate separate capital gain on it as it is combined asset with property,
so how to utilize the cost of furniture to decrease the capital gain on sale of property??
Even furniture is capital asset then too we cannot calculate separate capital gain on it as it is combined asset with property,
so how to utilize the cost of furniture to decrease the capital gain on sale of property??
28 December 2013
No the whole assets including F/F is to be considered provided it is mentioned in the sale deed of the property or otherwise if you have capitalised and it is appearing in the cost of the assets then yes you can do so but while calculating cost of index you have to take the same separately for additions made by you.
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