Hi
An assessee has purchased flat on 2017 for 45 lakhs, he paid approx 6 lakshs towards GST and for interior works, now he is planning to sell the property
1) can he claim GST Amount under Cost of improvement?
2) Can he claim Interior works Cost under Cost of improvement?
GST Amount: Cannot be claimed as a cost of improvement; instead, it is legally treated as an addition to the Cost of Acquisition.
Interior Works: Can be claimed as a Cost of Improvement provided they represent permanent capital additions/renovations backed by proper bills and receipts.
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