Income tax

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YAGNESH HASMUKH DAVE (Querist)
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21 March 2016 i have sold my old flat after 3yrs before selling of flat i have done some furniture work and also i have paid brokerge for selling of flat whether i will get furniture cost and brokerge paid as deduction while computing my capital gain tax pl reply

Ankur Singhal

Ankur Singhal (Expert)
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21 March 2016 Dear
What type of furniture work? and did you sell the furniture too along with the flat.
You will get deduction of brokerage from sales consideration.
No indexation benefit on brokerage paid.

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YAGNESH HASMUKH DAVE

YAGNESH HASMUKH DAVE (Querist)
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21 March 2016 before selling the purchaser told me to make new furniture like sofa set cuprborad dinning table etc i have made all furniturre and i have reciepts of the that funitniture made and then i have sold it to the purchaser with new furniture so will i get deduction for it also while computing capital gain tax

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