I propose to purchase residencial flat in Noida for which I have paid Rs.630000/- as token money on 06/06/2023.
l also have my own house in Agra in my name where l have been residing with my family which was constructed in the year 2000
Now l also propose to sell my own house in Agra before the registry of newly proposed flat in Noida
Please let me know the capital gain tax on the proceeds received from sell of my house at Agra.
l request you to advise me what should I do to exempt from Capital Gain Tax in future
I am senior citizen and my date of birth is 01/11/1961
Pradeep Kumar Mehra
Mob: 9917474548
e-mail : pradeep.mehra1961 @ gmail.com
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Capital Gain Tax on sale of old house
Replies (2)
In order to claim deduction on capital gains realized on sale of your agra house, you are required to purchase house property within 1 year before or 2 years after the date of sale of agra house or construct house property within 3 years from date of sale of agra house
There àre other options Sec 54EC INVESTMENT.
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