Long term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2012
On calculating capital gain can we take expenses incurred within 3 yrs before sale.
e.g property purchased in 1996, improvement exp incurred in 2003 and 2011. prop sold in 2012.
can we claim exp incurred in 2011.
is it necessary to have exp incurred before 3 yrs of sales.
e.g property purchased in 1996, improvement exp incurred in 2003 and 2011. prop sold in 2012.
can we claim exp incurred in 2011.
is it necessary to have exp incurred before 3 yrs of sales.
18 July 2012
No, not required however they should be for improvement. You can claim the same.
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