I'm Narahari from Bangalore, I had sold my plot for Rs43 lakhs and deposited in capital gain account in bank.
Now I'm purchasing 15 years old flat for Rs 37 lakhs. The remaining 6 lakhs can i use to modernize my new house like New wardrobe Change of floor titles Change of rest room fixtures Painting and other miscellaneous
01 December 2021
Deduction of Rs. 6 lakhs expenditure after purchase, may be disallowed. Better if you manage to get it repaired before purchase, so that the agreement value along with stamp-duty registration, brokerage etc. comes to 43 lakhs.
CAclubindia
