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Avinash (asst)     05 March 2011

Capital gains tax on amount received from Sale of Flat

I will be getting 25lacs(by Cheque or Electronic Transfer in the bank account)  from sale of a flat. Now can I  invest 20 lacs to buy another flat and keep remaining 5 lacs to invest in house hold items, also to pay stamp duty and registration charges. Will i be taxed on  5 lacs. And if yes What %. Or I have to invest entire 25 lacs to purchase another flat.



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 2 Replies

A V Vishal (Advocate)     05 March 2011

You have given incomplete details regarding acquisition and sale of the property.

1 Like

(Guest)

For solution to your question

you have furnish details of

Ist flat purchase value with

year of purchase,

place of property

1 Like

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