The schedule CG is divided in two parts. The short term capital gains and long term capital gains. The section 1 in Long Term Capital Gain,is for the reporting of capital gains on property. If you have sold a property after three years of purchase, you must fill this section. The incom...
House improvement cost and transfer cost: While computing the cost of acquisition one can also add the costs incurred with respect to procedures associated with house improvement or transfer cost such as the will and inheritance, obtaining succession certificate, costs of the executor, property valuer...