capital gains tax

श्रीमान जी ,
मैंने और मेरे दोस्त ने सन् 2005 में एक आवासीय भूमि खरीदी थी। अब हम दोनों ने इसे 12 सितंबर, 2018 को 1500000 रुपये में बेचा था। जैसा कि हम दो हैं, इसलिए दोनों सौदे के कारण 7.5-7.5 लाख से लाभान्वित हुए हैं। यह आवासीय भूमि साझेदारी में हम दोनों के नाम पर थी।
मेरा सवाल यह है कि, अगर हम दोनों 15 नवंबर 2018 को दो अलग-अलग आवासीय भूमि खरीदते हैं। प्रत्येक आवासीय भूमि को अलग-अलग नामों में 5-5 लाख रुपये में खरीदा गया है। एक मेरे नाम पर है और एक मेरे दोस्त के नाम पर है। प्रत्येक आवासीय भूमि की रजिस्ट्री में 30-30 हजार रुपए खर्च किए गए हैं। अगले दो चार महीनों के बाद हम प्रत्येक आवासीय भूमि में 2-2 लाख रुपये का निर्माण करेंगे। तो क्या हमें किसी भी प्रकार के पूंजीगत लाभ कर का भुगतान करना होगा?
एक बार फिर मैं आपको बताना चाहता हूं कि आवासीय भूमि जिसे हमने बेचा था, साझेदारी में हमारे (मेरे और मेरे दोस्त) के नाम पर था। और अब हमने खरीदी गई दो आवासीय भूमि खुद के अलग-अलग नामों में हैं। एक मेरे नाम पर है और एक मेरे दोस्त के नाम पर है।



IN ENGLISH

Mr ,
I and my friend had bought a residential land in 2005. Now both of us had sold it on September 12, 2018 in 1500000 rupees. as we are two, so both of them have benefited from 7.5-7.5 lakhs because of the deal. This residential land was in the name of both of us in partnership.
My question is, if we both of us now buy two different residential land at 15 November 2018. each residential land has been purchased in 5-5 lakh rupees in different name. one is in my name and one is in my friend's name. in the registry of each residential land has been coste 30-30 thousand rupees. We will have construction of 2-2 lakh rupees in each residential land after next two four months. then will we have to pay any type of capital gains tax?

once again I want to tell you that the residential land which we had sold was in the name of us( me and my friend)in partnership. and now which two residential land we have purchased are in different names of ourselves. one is in my name and one is in my friend's name.
Replies (2)
For settlement of capital gains tax Liability your income from previous sales will be computed on individual basis, accordingly capital gain will arise individually so accordingly if intend to take dedn in sec 54, your further exp in property will be allowed.
(concl is on given facts)
in order to claim deduction under 54f, you are required to either purchase or construction of residential property on or before 31/07/2019 to the extent of your net sale consideration. if you both failed to invest your net sale consideration on or before 31st July 2019, you are required to invest the same in capital gain account scheme.

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