POSTED BY January 2, 2015 11:31 am NO COMMENTSON
I bought a house in Feb 2008 by paying Rs 15.5 lacs. Stamp Duty and registration charges were Rs 1.5 lacs.
I spent approximately 3 lacs for modifications and interiors. So total cost of my house was around Rs 20 lacs. I sold this house in May 2014 for Rs 60 lacs.
To calculate capital gains tax, I want to apply indexation rule. Will it be applied just on initial cost (15.5 lacs) or can I include Rs 1.5 lacs (stamp duty + registration) & Interiors (3 lacs) also before I apply indexation.