Capital gains on sale of house property

Dear Friends,

I have following to place before you all and the experts..

1. The House property is likely to be sold in the FY 2016-17. It was purchased in the FY 2012-13.

2. While calculating the cost of acquisition, the Cost plus Stamp Duty plus Registration Charges can be taken or not? 

3. If the assessee wishes to invest in 54EC bonds, what is the tax treatment after the period of 3 years of investment in that bonds?

4. Presently the CII is not notified for FY 2016-17. if the Capital Gains Tax is to be paid, can we wait for the notification of the CII and then pay the same?

 

Replies (1)

1) Stamp Duty & Registration Charges can be taken as part of Cost of Acquisition.

2) Amount invested in bond is Tax Free on Maturity while Interest is Taxable yearly.

3) Yes.

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