Capital Gain Property sale

Hello,

Flat sale date : 23-06-21

Flat allotment date : 11-02-17 (Full payment)

Registration - 28-07-18 ( Registration charges and stamp duty paid)

For CG calculation if allotment date is taken, how to add registration and stamp duty charges?  In the  current ITR form, the system calculates the  indexed cost (allotment date and cost of flat considered). Is it possible to add registration charges and stamp duty , index it and add to the total cost? Or should that be discarded if allotment date is taken as date of acquisition?

Thanks.in advance.

 

 

 

Replies (6)
Quick Summary
This discussion explores how to accurately calculate capital gains tax on a property sale. The user is seeking clarification on whether stamp duty and registration charges, paid at a later date than the initial allotment, can be included in the cost of acquisition for indexation purposes. The conversation touches upon how to input these additional costs into the current ITR form, particularly when the system automatically calculates indexed cost based on the allotment date.

You can add all incidental expenses to the cost

Thanks.

How can that be added in the ITR utility? Indexation of property cost happens with CII of FY16-17.

Where to add and index ,registration charges in the new ITR2 form? (CII FY18-19)

Apart from the provision for filling these details, the next line item , I can see is for cost of improvement.

Iam not able to find , how and where to fill this data. 

Thanks.

 

 

Generally those are part of cost .

Since year is different you may consider it in cost of improvement
Stamp Duty and registration charges added to cost of acquisition

Thanks. How to fill this data in the current ITR form. There is only 1 row for Date of acquisition & cost of acquisition. Indexed value is calculated by the system. SInce registration was done at a later date (different FY) there is no way to enter the details. 

If Stamp Duty and registration charges are added to cost of acquisition, are we saying these can be indexed from the date of allotment ?

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