Cost of acquisition in CG
Vijay Mohan (638 Points)
09 October 2021
while calculate cost of acquisition in capital gains loan amount will also consider for the purchase price
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183197 Points)
Replied 09 October 2021
Cost of acquisition will be as per registered document or the tax paid invoice.
Payment paid through loan gets included in the total cost.
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 09 October 2021
The interest cost that has got paid can be deduced as COA from sale consideration. Regarding principal repayment I don't think it will get added as its not an cost that has been incurred in relation to purchase of house property.
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