Query related to capital gain

This query is : Resolved

shruti jain (Querist)
Follow

24 December 2013 whether addition of furniture on previously occupied property will be counted in cost of improvement of such property if sold??

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

24 December 2013 no. it is a separate asset.

shruti jain

shruti jain (Querist)
Follow

26 December 2013 Even furniture is capital asset then too we cannot calculate separate capital gain on it as it is combined with the property, so how to utilize the cost of furniture to decrease the capital gain??

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
Follow

19 July 2025 No, the cost of movable furniture is generally not included in the cost of improvement of the immovable property (like land/building) for capital gain calculation purposes.

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

DHANASHRI KARMARKAR

CA Aakarsh Jain

Michael & Co.

divakar podaturu

sachingurav

Subscribe Now

Query related to capital gain

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA