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Capital gain exemption

Tax queries 169 views 2 replies

Hi ,

I have sold  property A for 35 lacs (on my name ), making a gain of 10 lacs. Sold property B for 65 lac , making a gain of 35 lacs (on my name and my wife name). Now we r planning to buy a new property on joint name for 50lacs. Can we claim capital gain exemption for both our transactions.

 

Replies (2)
You may claim capital gain exemption to the extent of your share in the property. Assuming both are residential properties and new one also.
Tx , but should we mention share in the sale deed or sale agreement o he flat we purchase


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