Utilisation of Capital Gain money

Tax queries 153 views 2 replies

Capital Gain on Sale of House Property as on 30th May 2021 is Rs.10,20,000.(Deposited in the Bank under Capital Gain account on 30th May 2021.  On 30th August 2022 I am buying a new Flat for Rs.40 lakhs. Money deposited in Capital Gain A/c is accumulating with interest to Rs.10,58,250 as on 30th August 2022. 

I am paying Rs.10,50,000 to the seller from the capital Gain Account. . The .Balance of Rs.8250 can I utilise for buying Stamp paper for Registration of the Sale Deed  Or can I utilise the amount for other miscellaneous expenses during Registration of the Sale Deed. 

Replies (2)
Use it for stamp and other charges.

Allowed under stamp duty head 


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