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Capital Gain Property sale

Rani (None) (277 Points)

15 June 2022

Hello,

Flat sale date : 23-06-21

Flat allotment date : 11-02-17 (Full payment)

Registration - 28-07-18 ( Registration charges and stamp duty paid)

For CG calculation if allotment date is taken, how to add registration and stamp duty charges? In the current ITR form, the system calculates the indexed cost (allotment date and cost of flat considered). Is it possible to add registration charges and stamp duty , index it and add to the total cost? Or should that be discarded if allotment date is taken as date of acquisition?

Thanks.in advance.

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6 Replies

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 16 June 2022

You can add all incidental expenses to the cost

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Rani (None) (277 Points)
Replied 16 June 2022

Thanks.

How can that be added in the ITR utility? Indexation of property cost happens with CII of FY16-17.

Where to add and index ,registration charges in the new ITR2 form? (CII FY18-19)

Apart from the provision for filling these details, the next line item , I can see is for cost of improvement.

Iam not able to find , how and where to fill this data.

Thanks.

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 16 June 2022

Generally those are part of cost .

Since year is different you may consider it in cost of improvement

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 16 June 2022

Stamp Duty and registration charges added to cost of acquisition

Rani (None) (277 Points)
Replied 17 June 2022

Thanks. How to fill this data in the current ITR form. There is only 1 row for Date of acquisition & cost of acquisition. Indexed value is calculated by the system. SInce registration was done at a later date (different FY) there is no way to enter the details.