Capital gain

Tax queries 204 views 2 replies

Dear Experts,

Kindly advise me on the following: My friend wants to sell a residential flat and purchase another flat. The flat being sold is solely owned by him, whereas the new flat being purchased as joint owner with his son. How the capital gain benefit can be availed although the price of new flat is much higher than the realised sale value of old flat.

Thanks

GR Babu

Replies (2)

Capital gain will be in hand of Father.

New flat purchase share cost will be his value for determination. If 50% then accordingly proportionate will be tax free

Thank you Ruchika madam


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details