Capital Gains
This query is : Resolved
24 January 2011
Dear Sir,
I sold my flat at Shimla for 2500000/- on 13.12.2010 which was purchased by me in March 1996 for 422000/-.Now i want to purchase another property before 31.07.2011 so that i may get the benefits of capital gains. My query is this;-
1.Can i purchase the new property jointly with my wife without loosing the benefits of capital gains.
2.The flat i sold was in my name only.
3.Will i get all the benefits of capital gain if i add my son's name also while registering it.Please tell me in detail.
Please guide me what should i do.An early reply is requested.
Thanking you.
Arun Sharma
kalia1961@gmail.com
I sold my flat at Shimla for 2500000/- on 13.12.2010 which was purchased by me in March 1996 for 422000/-.Now i want to purchase another property before 31.07.2011 so that i may get the benefits of capital gains. My query is this;-
1.Can i purchase the new property jointly with my wife without loosing the benefits of capital gains.
2.The flat i sold was in my name only.
3.Will i get all the benefits of capital gain if i add my son's name also while registering it.Please tell me in detail.
Please guide me what should i do.An early reply is requested.
Thanking you.
Arun Sharma
kalia1961@gmail.com
24 January 2011
You can purchase the new property jointly with your wife.
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Guest
Guest
(Expert)
24 January 2011
You can purchase the new residential property jointly with your wife.
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