Deduction of Rent from Capital Gain

Rakesh (Retired) (25 Points)

11 April 2023  

My earlier property was reconstructed by a builder during 2016-2018. During the reconstruction period I had to stay in a rented accommodation for 20 months for which I paid the rent via post-dated cheques. The builder did not reimburse this, so I had to bear the complete rent.

In 2022, I sold this property. Now, to file the ITR can I add the rental amount of 2016-18 in the cost of acquisition of this property? Can it be deducted from the capital gain amount?

Rakesh