Tds and capital gain - flat sale

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R KALYANA SUNDARAM (Querist)
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11 June 2016 Dear Sir,

I bought a 1BHK flat at Chennai for Rs.11,50,000/- in the year 2005 with home loan through bank. Now the bank loan settled my me. Also I am thinking that I would like sell the 1BHK flat for Rs.17,00,000/- in the year 2016.
Request you to share consequence of TDS and Capital Gain for the above transaction.

Thanks
R Kalyana Sundaram

Ganeshbabu K

Ganeshbabu K (Expert)
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11 June 2016 NO TDS obligation would arise in the transaction.

NO Capital gain would arise as Indexed cost of acquisition is more than value of consideration..

R KALYANA SUNDARAM

R KALYANA SUNDARAM (Querist)
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21 June 2016 Thanks for your information.