10 February 2014
Property purchased on 12.03.2012 Date of Sale - now Cost of flat - 40 Lacs Housing loan interest paid till dated 5 lacs sale proceeds 60 lacs what will be the short term capital gains. - whether interest can be added to cost
10 February 2014
Your STCG will be Rs. 60 - transfer exp - Rs. 40. you can claim interest paid on housing loan up to Rs. 150000 (u/s 24(b)) and sett of against STCG (u/s 70)
CAclubindia
