banner_ad

Capital gain tax save

Tax queries 197 views 2 replies

Namaste sir 

 

I'm Narahari from Bangalore,  I had sold my plot for Rs43 lakhs and deposited in capital gain account in bank. 

 

Now I'm purchasing 15 years old flat for Rs 37 lakhs. 

The remaining 6 lakhs can i use to modernize my new house like 

New wardrobe 

Change of floor titles 

Change of rest room fixtures 

Painting and other miscellaneous 

 

So to avoid capital gain tax 

 

Please advice 

 

Regards 

Narahari 

6360363391

Replies (2)
As per me changing tiles and other miscellaneous work can be treated as application of fund
But purchase of Wardrobe and furniture work cannot be treated as application of work

opinion of other experts are welcome

All Fixtures allowed but loose furniture , painting & Misc items not allowed


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details