Hi friends...
I need your advice and help.
I am 22 year old.Last week i sold a flat which was on my mother's(expired 3 years back) name for amount 21lakhs.(i have lost my both parents)
I was trying to buy another property in my desired location to use the captial and avoid tax.
But i am unable to find a proper flat .Morever,I have just completed graduation and my company has asked me to join in NOV 2012.
At this moment i donot want to buy another flat.I want to buy a bigger one after i get eligible for l home loan (about 3 years from now).So how can i use CGAS to avoid tax.
Note: i am still not earning but recieving pension as my deceased father was in Army.The flat was bought by my mother in the year 2000 after my father's death.
Please do help.Thank You.
CAclubindia
