Someone purchased flat in cash of 12 lac before 5 years, now he would likes to sell at 15 lac by cheque.
At this point of time which option is best to go..
- How many difficulties may arise in future?
please guide...
first difficulty us source of funds.
u have to prove source which is cash is legitimate
tax suffered and belongs to u.
secondly compute capital gains. if u have any pay tax or get exemption by investing in specified assets.
CAclubindia
