Can we add the cost spent on interiors while selling the flat for arriving at capital gains?
Replies (5)
Quick Summary
This discussion clarifies whether the cost of interior furnishings can be deducted when calculating capital gains tax on the sale of a flat. While fixed installations are generally allowable, it's crucial to have proper documentation like bank transaction records and GST-paid bills. Even a company letterhead detailing payments may suffice, provided the amounts were paid via cheque and TDS wasn't applicable.