Capital gains tax on property sale: ITAT allows home loan interest as cost of acquisition
A one-time maintenance deposit paid to a builder, electricity and water deposits, and even home loan interest that has not been claimed as a deduction earlier can form part of a property’s cost of acquisition while computing long-term capital gains (LTCG), the Income Tax Appellate Tribunal (ITAT), Bengaluru, has ruled in a relief for a…