Hello,
I need an advice in long term capital gain.
I bought my flat in the Jun 2006 @ cost 10 lacs and sold it in the Jan 2011 @ 22. lacs.
I have also purchase new house in the Oct 2010 @ 50 lacs.
It is new construction so I have to pay 50 lacs during 2 years tenure.
Till date I have 7 Lacs to builder.
I would like to know that I have to pay any long term capital tax, if Yes then how much.
I want to know what is the way to avoid the this tax.
Regards,
Alpesh Patel
