query of capital gain
This query is : Resolved
Dhruvesh Shah
(Querist)
28 November 2008
I had taken a plot of land on installment from a developer in 1997, took possession in October 2003 and registered it in April 2005. I then bought a flat with my wife in February 2006, for which 90 per cent of the payment was made from my income. The flat is yet to be registered. What should I do to keep away from capital gains tax?
CA Tilak Raj Sharma
(Expert)
28 November 2008
Do you want to sell any one of these prop. now. Please clarify.
And if you are planning to do this in future then it does not matter that how many prop. you will be holding at that time. You can register both these properties at your name.
And if you are planning to do this in future then it does not matter that how many prop. you will be holding at that time. You can register both these properties at your name.
Dhirajlal Rambhia
(Expert)
22 June 2023
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