LTCG of current and previous years -adjusted vs Apartment cost

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gk (Querist)
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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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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)
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30 July 2023 My heartful "Thanks a lot" Seetharaman Sir🙏

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 July 2023 You are welcome...
.....

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