Capital Gain
This query is : Resolved
12 July 2011
Dear Sir,
Whether cost of improvement includes improvements like installation of fans, lightings in house property ? Refer with section.
Whether cost of improvement includes improvements like installation of fans, lightings in house property ? Refer with section.
CA PARAS BAFNA
(Expert)
12 July 2011
No. Installation of fans, lightings in house property are not considered as cost of improvement.
13 July 2011
If you sale the furnished house than yes otherwise No.
For doing so you have to mention in the Sale deed that the house is sold including furniture and Fixtures and if the value of furniture & Fixture has been shown in your Balance Sheet then only possible.
For doing so you have to mention in the Sale deed that the house is sold including furniture and Fixtures and if the value of furniture & Fixture has been shown in your Balance Sheet then only possible.
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