05/08/2026
🏡 Tax-Saving Tip for Property Sellers! 💰
If you’ve sold a property and didn't claim your home loan interest as a tax deduction in previous years, here’s some great news: you don't have to miss out on those savings.
You can add the total home loan interest paid over the years directly to the Cost of Acquisition when calculating your Capital Gains Tax.
Raising your acquisition cost lowers your taxable capital gains, saving you a substantial amount in taxes.
⚖️ Backed by Legal Precedents:
Karnataka High Court affirmed this treatment in 2019.
ITAT Bangalore reaffirmed and followed this ruling in 2026.
If you or anyone you know recently sold real estate, make sure to consult your chartered accountant or tax advisor to take advantage of this! 📊👇
Disclaimer: Tax laws can be subject to specific conditions. Always consult a certified tax professional for individual tax planning.
