Amenities cost can reduce capital gains on flat sale: ITAT

The sale consideration minus the cost of acquisition (adjusted by applying the cost inflation index) determines capital gains. Higher the cost of acquisition, lower the taxable capital gains component. If the sale consideration is lower than the cost of acquisition, it results in a capital loss.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/amenities-cost-can-reduce-capital-gains-on-flat-sale-itat/articleshow/79524411.cms