Negotiable Instruments: Exhaustive Coverage by Adv Roma Bhagat. Register Now!
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sandeepsingh (Broker)     24 December 2022

Capital gains on resale

I recently sold a property held jointly in mine. Father and mothers name. All of us got 1/3 of the sale proceeds in our accounts . For capital gains saving my parents are buying other property from there share  along with my brother. I will be buying a separate property with my share. Question is 

1. The separate reinvestmentin diffrent properties  me and my parents are doing with their share  is that fine legally.

2 can we buy new property in April next FY without putting money in Capital gains account


 3 Replies

kavksatyanarayana (subregistrar/supdt.(retired))     24 December 2022

Consult a local CA or CS.

Sidhhi   25 December 2022

Please post your query on CCI-Chartered Club of India.

York Damon   28 December 2022

If you have a question, you can submit it to the Chartered Club of India. 

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