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

Follow Query

Report Abuse

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.

Devajyoti Barman (Expert) 26 July 2014
search from this site...

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries