When calculating the LTCG for the property sale, we can deduct expenses related to improvement. What all comes under imporvement any list , just the construction related or also property tax, ground rent, any freehold conversion charges etc also incurred during the time when the property was with the assessee.? Thankyou
Menu
Property ltcg expenses issues
Replies (1)
No. Taxes like ground rent cannot be part of COI......
But the expenses which enhance the value of the property, or are permanent in nature like construction or additions or conversion charges etc..... can be included in COI.
Recent Threads
- ITR Updated returns. Time limit for filing
- ITR 2 Processed and Refund Credited to Bank
- Freelancer or Salaried
- LTCG Tax & Indexation on Debt Mutual Funds Sol
- Section 45(5A) and 194IC with carry forward of tds
- Paid tax amount, CIN generated and challan downloa
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
- LTCG Tax on property
- Short term gain in itr2, missing 111A
Related Threads
CAclubindia
