Long Term Capital Gain - Cost of Acquisition


This query is : Resolved 

Quick Summary
This discussion addresses whether additional expenses paid to a builder, beyond the registered purchase agreement, can be included in the 'cost of acquisition' for calculating long-term capital gains tax. The user paid INR 3 Lakhs via cheque for items such as society maintenance, service tax, and development charges, in addition to the INR 29 Lakhs purchase price. The consensus is that these additional expenses can indeed be included in the cost of acquisition.

03 December 2020 I have sold my residential property after holding more than 2 yrs.

The property purchase value as per registered purchase agreement is INR 29L
In Addition to said regd. agreement amt (29L), I have also paid INR 3L by A/c payee cheques to builder towards Society Maintenance + Service Tax + Maintenance Deposit +Infrastructure Development Charges + Auda Legal Charges etc. as per their demand.

Now my question is whether I can include said other exp. of INR 3L in Cost of Acquisition Amt. , pls guide me which exp. is eligible in addition to cost of acquisition.

Pls help me in this matter.

Your quick reply shall be highly appreciated...

03 December 2020 Yes, include other exp 3 lacs in cost of acquisition.

03 December 2020 Thanks Sir for your early reply...


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