Land sale

Bhaskar (Querist) 26 July 2014 This query is : Resolved
Dear Sir,

I have plot which I am planning to sell in next few month around 60 lakh. I have booked one flat of 75 lakh last month where I am going to get possession by next year end. Can I get income tax exemption on plot sale as I have bought flat recently ? or new property booking must happen only after old sale then only can claim tax benefits ?

Thanks in advance,
Bhaskar

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Devajyoti Barman (Expert) 26 July 2014
consult a tax professional.

ajay sethi (Expert) 26 July 2014
your tax consultant can guide you in this regard

Rajendra K Goyal (Expert) 26 July 2014
Many factors have to be analysed, consult local tax consultant.

Bhaskar (Querist) 26 July 2014
Thanks for prompt reply. Can I get contact number of any tax consultant in Bangalore or please let me know if anyone of you are available for this ?

Thanks in advance.