Capital gain calculation on sold residential property

324 views
User Avatar

CA
47 Points Posted on 27 June 2023

For sold residential property, while calculating capital gain apart from indexation, what additional could be included to reduce tax liability?

Does property tax paid and initial registration stamping cost beared also be offset from capital gain amount

1 Reply Share Follow
On 27 June 2023 at 22:15 Report
Replies (2)
User Avatar

26 Points Posted on 27 June 2023
One can go for exemption u/s 54 to save your capital gain from sale of residential property
Reply
On 27 June 2023 at 22:40
User Avatar

12244 Points Posted on 28 June 2023
Expenses incidental to sales can be reduced from full value of sale consideration such as brokerage
in cost of acquisition, registration charges, stamp duty, brokerage can be included. if you have done improvement to your property, that can also be deducted after indexing
Reply
On 28 June 2023 at 00:32

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Utilising Section 54(F) for capital gains reinvest
  2. GST ewaybill closure and Bill to ship to GST numbe
  3. TDS ON PARNTER INTEREST
  4. Share important chapters of ca inter costing
  5. Free CA Foundation Study Material - PYQs with Sugg
  6. INCOME TAX
  7. Moving from old to new tax regime after notice
  8. Need urgent help on notice
  9. ITR-3 - F&O Loss adjusted against business inc
  10. Error - Blank Rows in Schedule SI (ITR-2)

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
06 July 2026
Senior Accountant

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
20 July 2026
Senior GST Executive

Chandak Agarwal & Co

Mumbai

Graduate (Any)

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
Featured 18 July 2026
Senior Manager- Finance & Accounts

apricus india

Ahmedabad

CA

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
23 July 2026
Semi qualified CA

Garg Bros & Associate CA

New Delhi

CA Inter

View Details