Tax on sale of flat

i am selling a flat which has been inherited by me nd is in my name.is der any way by which my mother can sell it and gift me the money?as she files her returns nd i havent filed. also whts the best option for ltcg? bonds or cap gain index?
Replies (1)

Only the real owner can sell the flat. If the flat is in your mother's name, then only she can sell it and long term capital gain will come on her. She will have to compute the capital gain and find out how much she is required to invest to save tax. She can either purchase another flat or invest in bonds. Bonds have a lock-in period of 3 years having interest of about 6.5%pa. If a flat is purchased then you can give it on rent. Purchasing flat is cumbersome, take up lot of time and energy, whereas, bonds once invested will be safe for 3 years. 

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