Capital gains tax

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Manager-Finance & Accounts
28 Points Posted on 08 January 2018

I have purchased 2 Individual Plots ( side by side) in 1996 with 2 separate sale deeds.

now i want to sell the 2 plots 2 diiferent individuals.&  i want to purchase Apartments  from the sale amount of 2 Plots.

i have to pay capital gains tax on 2 plot sale proceeds or  shall i get exemption on 2 plots sale proceeds

 

 

 

 

 

 

 

 

 

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On 08 January 2018 at 21:17 Report
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Bara bazar
177 Points Posted on 08 January 2018
It seems your question is related witb section 54 ..
It must be noted that In section 54 deduction of one House property is allowed.
However the maximum amount of deduction that can be claimed by you shall be upto addition of both Capital Gains.
Decision of Madras high Court is not relevant after amendement in the section.

Hope this will help you out.
Regarda.
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On 08 January 2018 at 22:12

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