Dear Experts,
I have booked a residentail flat in Jan 2011 and home loan was started from April 2011.
Registered Flat in Apr 2012 and Occpied the flat in Aug 2012.
The flat cost is Rs.35,86,000 and registration cost is Rs1,24,380 .. Interirors costed me another Rs4,00,000.
Now I want to sell the flat around Rs55,00,000.
Please let me know the capital gains tax implication while selling the property and how I can avail the exemptions ?
Thanks in Advance.
Raju
CAclubindia
