Cost of home improvement
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 December 2014
Can get benefit of deduction for Home Repairing / improvement cost under the income tax?
I am a salaried individual.
Please guide.
I am a salaried individual.
Please guide.
21 December 2014
Yes, you can claim cost of improvements as a deduction from the capital gains. To claim this deduction you will have to maintain the bills of the expenditure incurred with you.
Rupesh Jain
(Expert)
22 December 2014
IT IS COST OF HOUSE AND INCREASE THE COST OF HOUSE.
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