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.


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


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Meet our CAclubindia PRO Members


Follow us



Answer Query