Capital gain tax avoidance

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Dipak (Querist)
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24 September 2014 I am selling a residential property for an X amount and will invest the same amount in buying another residential property soon. Would the X amount have to be the amount shown in the new purchase property's Sale Deed or Sale Agreement? If Sale Deed then can the Stamp Duty n Registrations amount be included in the X amount ?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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24 September 2014 you need to only invest the capital gains in case of sale of house property. refer section 54. Stamp duty and registration charges are included in the transfer cost and considered for computation of exemption

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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30 September 2014 yes invest only capital gains as earned in sec 54

Dipak

Dipak (Querist)
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20 October 2014 Thanks indeed for your replies

Nikhil Kaushik

Nikhil Kaushik (Expert)
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20 October 2014 you are welcome Dipak....

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