Capital gains

Ramakrishnaraju (supervisor) (211 Points)

11 March 2010  

I purchased a flat for Rs.8.5 lakhs with Registration Rs.1.25 lakhs approximately during 2003.  Apart from the above, i spent around Rs.3.00 lakhs for interior decoration(i believe it is a capital expenditure).  Based on the market value, i took loan over the years by balance Transfer facility and now the loan quantum is Rs.22 lakhs(Nov.2009) I am getting an offer for Rs.26.5 lakhs.  Now  Wht  will be my capital gains ?  whether 2% preclosure by the bank can be added to the capital.