Flat amenities can cut capital gains on sale

In a litigation over capital gains arising on a flat sale, Income-Tax Appellate Tribunal (ITAT)’s Mumbai bench has held that the taxpayer can add the price paid for amenities to a builder’s group company to arrive at the total cost of acquisition of the property.

from Mumbai News: Latest Mumbai News Headlines & Coronavirus News Updates from Mumbai - Times of India https://ift.tt/3mpnRIq