I have registered my flat for 22 lakhs in 2017, now sold it in august 2021 for 78.3 lakhs. I have registered another new flat in feb 2021 for 56 lakhs . Can I avail complete LTCG exemption on 78.3 lakhs ? is the new flat cost should be more or equal to LTCG value or it should be same as total sale price of old property to avail maximum tax exemption?
Menu
LTCG exemption calculation
Replies (1)
Yes You can Claim benefits to the extend amount of new Property.
and Held Land or building for more than 24 month LTCG is Applicable
and Held Land or building for more than 24 month LTCG is Applicable
Recent Topics :
- Company 3 months old, INC-20A not filed, all 3 of
- How do I choose the Best GST Lawyers in New Delhi
- Loss on sale of residential flat after indexing al
- Short Deduction
- Large mismatch between AIS Business Receipts and G
- Income tax on Australian Stipendiary Steward on 3
- INCOME TAX SECTION 92E
- Queries on Tax Invoice and GST
- Income Tax Auditor Tenure for Small Companies
- Sec 8 company sec 12ab reg
Related Topics :
CAclubindia
