Long term capital gain

Tax planning 408 views 2 replies

I purchased an office in 1999 sep for rs 6 lacs, it is not registered in my name. Now I will sell it for rs 35 lacs. The stamp duty valuation is rs 61 lacs. Obviously, the stamp duty value is much more than the real market value, I m in no position to pay capital gain tax even after indexing. What is my tax liability on this deal and how to minimise it. Do I need to re invest in residential property only. I hav no residential property in my name, as on date. Pl advise best tax planning for me. I want to purchase another office with the sale proceeds.

Replies (2)

if the office is not registered in your name then why are you worried about paying the LTCG.  The owner of the proeprty will pay LTCG.

if u have 'purchased' office than how it is not in your name???


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details