Offset LTCG on property sale
This query is : Resolved
Backup One
(Querist)
05 February 2025
Hello,
My LTCG from selling a house is INR 1.8 CR. To save tax on this LTCG, I have done the following
1. Bought CG bonds for 50L
2. Bought apartment for 1.2 CR (base price). I have also paid Registration fee, Stamp duty, Surcharge and Cess totaling to 7.92L
Can I include 7.92L in offsetting the LTCG or not?
My LTCG from selling a house is INR 1.8 CR. To save tax on this LTCG, I have done the following
1. Bought CG bonds for 50L
2. Bought apartment for 1.2 CR (base price). I have also paid Registration fee, Stamp duty, Surcharge and Cess totaling to 7.92L
Can I include 7.92L in offsetting the LTCG or not?
Dhirajlal Rambhia
(Expert)
05 February 2025
Yes, eligible.
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