Capital gain tax

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sumiraja (Querist)
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22 July 2020 Sir I purchased a property and constructed some floor and sold within 1 year. I have never mentioned cost of construction in my sale agreement. So my property is in capital gain tax so can I claim cost of construction as expenses in capital gain coloumn. Is their any documents required to show the expenses in it return

Eswar Reddy S

Eswar Reddy S (Expert)
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22 July 2020 Yes . Construction cost can claimed .. Documents can be bills or payments made in regular intervals

Eswar Reddy S

Eswar Reddy S (Expert)
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22 July 2020 You may claim it as cost of improvement

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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19 December 2021 No documents are required to be attached with ITR filing, but to be produced whenever called for.

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