How do I account Home improvement costs during the time of sale of the property considering Capital Gain?
sathish_metlife asked:
If I have spent 5-6 lakhs on Home Improvements from the time I have brought this property and during the time of sale when I am calculating the Capital Gain, how do I account or show the expenses on Home improvement and also the cost incurred for advertisement, Chartered accountant fee etc? Please Advice
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Those amounts are just added to the cost basis of the house. What you paid for the house plus all other improvement expenses.