14 August 2017
1987 built Housing society is going in for redevelopment of building in Pune. Is long term capital gain tax applicable to individual flat holders. who will receive same area of flat with new construction and amenities.
15 August 2017
They're going to get new flats against old flats capital gain gets exempt u/s 54.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
18 August 2017
In 1987 cost of flat was Rs. 1 lac . After redevelopment of society the value of same flat becomes 35 lacs. in 2014. when this redeveloped flat is sold . For capital gains which figure will be considered Rs. 1 lac or Rs. 35 Lac.