Capital gains tax on property sale: ITAT allows home loan interest as cost of acquisition
· livemint.com
A Bengaluru ITAT ruling has clarified which expenses can be included in the cost of acquisition while computing capital gains tax on a property sale. The order allows home loan interest and maintenance deposits but requires verification of travel expenses.
A one-time maintenance deposit paid to a builder, electricity and water deposits, and even home loan interest that has not been claimed as a deduction earlier c...