Capital gains

This query is : Resolved

Arun Sharma (Querist)
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20 April 2011 Dear Sir,
AFTER SELLING MY FLAT THE LONG TERM CAPITAL GAINS COMES TO ROUGHLY Rs.1311000/-. OUT OF WHICH I HAVE SPENT Rs.507200/- ON PURCHASING RESIDENTIAL PLOT AND STAMP DUTY paid to the govt.I HAVE PAID Rs.30000/- TO THE ARCHITECT FOR HOUSE DESIGN & STRUCTURAL PLANNING.I WANT TO KNOW THE AMT. PAID TO THE ARCHITECT IS ELIGIBLE FOR TAX EXEMPTION UNDER CAPITAL GAINS OR NOT.
THANK YOU.
ARUN SHARMA
kalia1961@gmail.com

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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20 April 2011 Whether amount paid to a mason or a worker at site is eligible ?

In the same manner, amount paid to the architect is also in connection with the construction, hence the same will be eligible for exemption.

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