LTCG Calculation FY 24-25

Tax planning 154 views 3 replies

Dear Experts,

Can you pls help understand what all heads can be claimed under new LTCG calculations for this FY ( 2024-25 ) considering indexation is excluded by govt ?

1. Loan interest amount ? 

2. Improvement cost ( interior ) ?

3. Brokerage cost ( separately during purchase and sale time ) ?

4 . Stamp duty during purchase ?

5. Lawyer / notary Fee ?

6 . 1% TDS for seller ?

7 . Periodic Renovation cost ? 

Replies (3)

1. Loan interest amount  No

2. Improvement cost ( interior ) yes 

3. Brokerage cost ( separately during purchase and sale time ) yes

4 . Stamp duty during purchase yes

5. Lawyer / notary Fee yes

6 . 1% TDS for seller No

7 . Periodic Renovation cost  depends

Thanks Anoop Ji , that helped. 

People should be crystal clear on buying property with bank loans . Its not only a sheer waste of your huge hard earned money but also a death trap ( mortgage literally means the same ) , Which we all should stay away from . 

Taxpayers can claim interest on their housing loan in their ITR when filing it. If they purchase a commercial property, they can claim these benefits in their profit and loss statement.


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