Income tax capital gain

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Income Tax Consultant
29 Points Posted on 12 February 2018

Dear  sir

we  was  purchase  house  property on 26/03/2008    amount  17,25,000

 this property  is  my name  and  brother name   now   we  will  sold   at  65,00,000

but i purchase new  home  my name  last year  mid  of 2016  with  loan amount  35,00,000 lakhs  now   capital  gains    adjust   with  my own name  property  

 

please   clearify

 

thank  you

 

venkatathri 

 

 

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On 12 February 2018 at 13:13 Report
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student
110 Points Posted on 12 February 2018
u/s 54 if u transfer residential house then capital gain will be exempt if
1. u purchase one year before transfer or
2. Two year after transfer
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On 12 February 2018 at 13:36
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student
110 Points Posted on 12 February 2018
capital gain so arise will be divided b/w u nd your. broth. share
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On 12 February 2018 at 13:37

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