Capital gain tax
This query is : Resolved
30 July 2012
My father purchased a residential plot in 1987 for Rs. 41 thousands. He expired in 1993 and then my mother in 2003. I have 2 sisters and one brother. They agreed to Transfer the property in my name in 2011 with mutual financial settlement and finally property transferred to my name. Now I am selling this property in 50 Lakhs in 2012. What will be capital gain and how can I save it. I own only one residential house at present.
Amol S Joglekar
(Expert)
30 July 2012
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