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Cost of improvement - capital gain

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28 May 2019 An individual purchased land and house together for Rs.30lakhs on 5/6/2015. He incurred Rs.5lakhs improvement cost on the house property. On 4/10/2018, he demolished the house and sold the land. Can the cost of improvement of Rs.5lakhs be considered for capital gain, as the house have been demolished before sale of land?
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C.A. Mayur J. Raiyani

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C.A. Mayur J. Raiyani (Expert)
29 May 2019 Yes, you can claim Cost of improvement.
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