How to saved capital gain??
This query is : Resolved
harsh shah
(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????
Nikhil Kaushik
(Expert)
23 February 2016
when you bought the house, you must have made an agreement to that effect?
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
Regards
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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