Dear Friends
I have purchased a property worth 50Lakh (including Stamp Duty and Registration) on 15th Nov 11 and sold my old property for Rs.4670000/-. on 13th Jan2012 (this I had purchased on 21st Jan 1983 for Rs.79500/-).
Do I have to pay any Capital Gain on the amount and how much? will my purchase of new flat get adjusted with LTCG coz both the property is for Residential purpose and I am using it.
Please reply
Thanks
Pinakin