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Capital gain tax

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22 July 2020 Sir I purchased a property and constructed some floor and sold within 1 year. I have never mentioned cost of construction in my sale agreement. So my property is in capital gain tax so can I claim cost of construction as expenses in capital gain coloumn. Is their any documents required to show the expenses in it return

22 July 2020 Yes . Construction cost can claimed .. Documents can be bills or payments made in regular intervals

22 July 2020 You may claim it as cost of improvement


19 December 2021 No documents are required to be attached with ITR filing, but to be produced whenever called for.



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