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Capital gain calculation on sold residential property

Tax queries 297 views 2 replies

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

Replies (2)
One can go for exemption u/s 54 to save your capital gain from sale of residential property
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


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