LTCG of current and previous years -adjusted vs Apartment cost
This query is : Resolved
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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
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
(Expert)
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.
Only interior cost can be added.
CA R SEETHARAMAN
(Expert)
30 July 2023
You are welcome...
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