CAPITAL GAIN TAX
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 August 2010
I have a flat on name of my wife. purchase in 2004 at Rs.2 lacs currently the market value of the flat is Rs.11 lacs. i want to sell the flat and against this want to buy a house at Rs.15 lacs on my name and going to take loan of 5 lacs form bank. my query is
1. how i can manage capital gain and save tax
2. it should be possible to buy house on both name and take loan.
1. how i can manage capital gain and save tax
2. it should be possible to buy house on both name and take loan.
Aditya Maheshwari
(Expert)
18 August 2010
Buy the new house in joint name and claim exemption from capital gains u/s 54.
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