Capital gain - sale of flat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 August 2012
Proceeds from sale of flat are invested in another flat purchased. Purchase transaction was 3 months before the sale transaction. Can i claim expenditure on the amount paid for interior designing of the new flat?
Thanks in advance.
Thanks in advance.
07 August 2012
Yes such an expenditure shall be allowed as cost of improvement.
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