Dear Sreekanth,
I purchased a house plot in 1988. The same plot was sold illegally to third party. I spent Rs 70,000 towards court fees and lawyer fees and got the title cleared. I sold the plot in 2018. Can I seek exemption for Rs 70,000 from Long term capital gains.
1 Answers
Hi,
I believe that you can claim Legal fees.
- While calculating capital gains, expenses related to transfer / sale like advertisement expenses, brokerage expense, Stamp duty, Sale deed registration fees, Legal (lawyer) expenses etc., can be deducted from the Purchase price.
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