I thanks our esteemed member for sharing the information on this board. On thing is clear , to over come capital gain, I have to jointly register the property in my name too.
Now I have other side of this question ...! .....
Q : Can this capital gain of (post indexing gain 3 lac) can be offset against the losses in capital market ?---- Reference is that , I have sold some of my stock worth 2 lac to half the prices(1 lac), to garner funds for purchase of this new flat. These stocks(worth Rs 2 lac) were purchased in 2007 were liquidated in 2011 (after 4 years) at 50% capital loss.
Pl advice whether this capital loss in stock mkt of Rs 1.0 lac, can be booked against the capital gain on the sold flat ?