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Save LTGC on land sale

Tax queries 519 views 2 replies

Dear experts,

I puchased a land in Aug 2022 in 45 L and sold in Aug 2025 in 95 L. But after purchase I spend 6 lakhs for bioundary wall, iron gate and a small 2 room made from bricks and asbestos.

Can I add this 6 Lakhs in purchase amount while calculating the LTCG?

Replies (2)
Quick Summary
Expenses of Rs.6 lakh on boundary wall, gate, and construction can be added to cost of acquisition for LTCG if supported by proper bills/evidence, reducing taxable capital gains.

You can claim with supporting evidence 

You can claim with supporting evidence 


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