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Capital Gain

This query is : Resolved 

Sir,

I have a flat (Construction is in Process), I want to sell this flat to my Mother with regular consideration, but in the sale agreement seller is myself self and the purchaser are two one is my mother and the second myself. Now my quarry is whether the consideration amount is applicable for CAPITAL GAIN TAX.



Please make agreement wherein only 50% share is sold. and remaining 50% remains to be with you.

You cannot sell your property to yourself wholly or partly, hence rest of the issue stands infructuous.


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