Long term capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2013 At the time of sale of House Property can I claim following as a deduction from sale proceeds-
1. The foreclouser charges paid to
financial institue from whome I
borrowed loan for acquisition as
a part of expenditure on trasfer.
2. Interest paid on borrowed loan for
acquisition u/s 48

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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04 March 2013 You shall not claim the above because of they are not related to transfer of property they are related to closer of loan. Like brokerage paid at the time of sale to the broker or advertisement charges incurred to sale or development charges incurred before to sale for the purpose of sale etc.. like charges or expenses which are related to sale or transfer i.e which are incurred for the purpose of sale of property is eligible for deductions under capital gain.

OM SAI SRI SAI JAI JAI SAI

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