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Capital gain tax
Hi,
I have query regarding Capital Gain Tax
Actually i have Flat at Navi Mumbai and i want to sale it at Rs.25 lk which was purchase in F.Y 2012-13 at Rs.15 lk and now want to purchase New Room in Mumbai at Rs.25 lk but their is no Proper Registration activity done before Sub-Registration regarding Purchase of ROOM only simple affidavit has made regarding this.
and for sale of Flat Proper registration has done before Sub-Registration.
so please suggest me what can i do?
Replies (1)
Sorry to say that you cannot get exemption u/s. 54 when you purchase any unregistered (tenanted) property.
But otherwise also, if you can invest around 4.5 lakhs in Capital Gains bonds for 3 years... your tax liability of about 95K will be saved.....
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