Long time capital gain excemption

In respect of part sale of combined house property of 2 sisters. please inform us whether the following are eligible for capital gain excemptions as cost of improvements & developments: 1. Amount incurred for partition deed 2. Amount for demolition(half portion of the house) 3. Amount for clearance of the debris 4. Amount for leveling the plot 5. Amount for construction of partition wall 6. Amount for sanction plan, which was not utilised as the half portion is been sold. 7. Any other legal expenses incurred in respect of the sale of the disputed property 8. Compensation paid to the other owner of the house

asked Oct 09 '12 at 12:03 by ratna40 11

You can include all these expensed incurred in cost of property and thus need to compute long term gains with indexation benefit.

answered Oct 09 '12 at 14:36 by Pankaj Batra 5.2k320


Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text](http://url.com/ "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported



Asked: Oct 09 '12 at 12:03

Seen: 1,795 times

Last updated: Oct 09 '12 at 14:36