Dear CA Club Users,
We sold a property 1.7 years back and we are now eligible for capital gain adjustment for close to 2 Cr against a property. I seek few clarifications on this topic,
1. I came across few properties which is more or less like appartment model (3 houses within a building) , is that applicable for me . Because some people say that the property should have only 1 kitchen.
2. The main issue I have here is, is it OK to buy & register a property (land + building) for the current market price (if I calculate the guideline value the value doesnt matchup and is too less) for my capital gain adjustment. Is this valid , where the guideline value is lesses and registration value for capital gain is on higer side. Will this have any impact .
pls advise .
Regards,
Vel
CAclubindia
