| Question And Answer | |
|---|---|
| Subject: | Can GST and Interest on Loan eligible for consider cost of acquisition at the time of sale of residential flat |
| Category: | Income-Tax |
| Querist: | Abhijit Garai |
| Answered by: | Law Intern |
| Tags: | cost of acquisition, cost of flat, GST |
| Date: | September 13, 2025 |
Sir,
I have sale my residential flat on 30.8.25 at a price of Rs 43 lalhs.
I have taken a loan of rs 25.5 lakhs for purchase that property. Instalment price including GST. I have not claimed any interest benefit as IT deduction as I have filed IT in new tax regime. My registration done on 22.6.22. Can I claim GST and interest as cost of flat at the time of long term capital gain calculation.
GST paid as part of the purchase price can be included in the cost of acquisition for LTCG calculation. However, GST paid for services related to the flat may or may not be allowable depending on the nature of the services.
Interest paid before the property was acquired/possessed may be allowable as a deduction.
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