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Selling my flat to my father to save capital gain tax

ITR 253 views 2 replies

Hi , 

I am planning to sell my flat to my father to save capital gain tax. Is it legally allowed . my father has sold a plot which has some capital gain tax.

Thanks 

Rajesh

Replies (2)

Yes, if Sale deed registered with Sub-registrar with stamp duty duly paid.

Land you cannot claim exemption if you purchase a house property.


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