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How to saved capital gain??

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(Querist)
22 February 2016 I purchased house before 3 years in fully cash and house not shown in my books of account. at the time of sale the house, purchaser party payment through cheque. how I saved the capital gain on sale of house????
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
23 February 2016 when you bought the house, you must have made an agreement to that effect?
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CA Vap Patel

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CA Vap Patel (Expert)
23 February 2016 Do you have purchase agreement? And since you finance it with cash only hence you are required to give source of finance.
Regards
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Amol S Joglekar

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Amol S Joglekar (Expert)
23 February 2016 Sale is duly done. You can very well opt for saving the capital gain tax.
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