Query related to capital gain
This query is : Resolved
24 December 2013
whether addition of furniture on previously occupied property will be counted in cost of improvement of such property if sold??
24 December 2013
no. it is a separate asset.
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??
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.
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