Dear All,
I have a question on Capital Gain Tax and would be greatful if you could advise me.
The total consideration for the flat was 40lacs and it was split as 30 for the flat (agreement cost) and rest (10) for the furniture. The gain from this deal is long term capital gain as I had bought the flat more than 5 years ago.
I am buying a new flat where I would use the sum received from the above deal. I wish to know if the money I received for the furniture is taxable at all or not.
Thanks & Regards,
Nikhil