10 February 2015
I have sold an apartment within 3 years for which i understand that short term capital gain tax is applicable. Need to know how stcg is calculated and if interest paid on housibg loan for 3 years can be considered as acquisition cost while calculating stcg.
10 February 2015
Interest paid during construction period only can be considered as acquisition cost.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
10 February 2015
Just to understand correctly, cost of purchasing apartment is say 10 lacs, selling price is 18 lacs. Interest paid on home loan is 5 lacs, therefore is short term gain tax to be calculated on 18 lacs - 15 lacs = 3 lacs?