Easy Office
LCI Learning

LTCG of current and previous years -adjusted vs Apartment cost

This query is : Resolved 

(Querist)
30 July 2023 Dear Peers🙏

I have bought an apartment costs aprox 77 lakhs in the last year, FY 2022-23 and have LTCG (sale of stocks) of 75 lakhs in the same year 2022-23. At the same time I have around 16 lakhs LTCG (sale of land) in FY 2020-21. Whether the above both LTCG 75 + 16 can be adjusted to the cost of apartment 77 lakhs?

Whether The furniture/home appliances and interior costs can be added in the apartment costs?

Anticipating your response
Regards, KVG


30 July 2023 Yes, both can be adjusted to the cost of apartment and section 54F exemption can be claimed.
Only interior cost can be added.

gk (Querist)
30 July 2023 My heartful "Thanks a lot" Seetharaman Sir🙏




30 July 2023 You are welcome...
.....



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries