To avoid tax on capital gain
This query is : Resolved
Nandkishor
(Querist)
24 June 2019
Dear sir,
I have sold my flat and its attracts Capital gain, so I want to avoid tax on capital gain so i am planning to purchase room in chawl system. Is it taxable or Exempted
Nandkishor
I have sold my flat and its attracts Capital gain, so I want to avoid tax on capital gain so i am planning to purchase room in chawl system. Is it taxable or Exempted
Nandkishor
CA Rashmi Gandhi
(Expert)
25 June 2019
Purchase of residential property within 2 years of sale of residential property is allowed as exemption u/s 54
Nandkishor
(Querist)
25 June 2019
Dear Madam,
Thanx, but i want to know about i am purchasing Chawl room where no Stamp Duty registration require only Notarized Sale Deed will be prepare, is it ok, or need to invest in flat only.
Nandkishor Gandhi
Thanx, but i want to know about i am purchasing Chawl room where no Stamp Duty registration require only Notarized Sale Deed will be prepare, is it ok, or need to invest in flat only.
Nandkishor Gandhi
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