Capital gains
This query is : Resolved
20 April 2011
Dear Sir,
AFTER SELLING MY FLAT THE LONG TERM CAPITAL GAINS COMES TO ROUGHLY Rs.1311000/-. OUT OF WHICH I HAVE SPENT Rs.507200/- ON PURCHASING RESIDENTIAL PLOT AND STAMP DUTY paid to the govt.I HAVE PAID Rs.30000/- TO THE ARCHITECT FOR HOUSE DESIGN & STRUCTURAL PLANNING.I WANT TO KNOW THE AMT. PAID TO THE ARCHITECT IS ELIGIBLE FOR TAX EXEMPTION UNDER CAPITAL GAINS OR NOT.
THANK YOU.
ARUN SHARMA
kalia1961@gmail.com
AFTER SELLING MY FLAT THE LONG TERM CAPITAL GAINS COMES TO ROUGHLY Rs.1311000/-. OUT OF WHICH I HAVE SPENT Rs.507200/- ON PURCHASING RESIDENTIAL PLOT AND STAMP DUTY paid to the govt.I HAVE PAID Rs.30000/- TO THE ARCHITECT FOR HOUSE DESIGN & STRUCTURAL PLANNING.I WANT TO KNOW THE AMT. PAID TO THE ARCHITECT IS ELIGIBLE FOR TAX EXEMPTION UNDER CAPITAL GAINS OR NOT.
THANK YOU.
ARUN SHARMA
kalia1961@gmail.com
20 April 2011
Whether amount paid to a mason or a worker at site is eligible ?
In the same manner, amount paid to the architect is also in connection with the construction, hence the same will be eligible for exemption.
In the same manner, amount paid to the architect is also in connection with the construction, hence the same will be eligible for exemption.
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