LCI Learning
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Haris Siddiqui   15 July 2019

regarding house registry and long term capital gain.

dear sir(s,)
my case is little complicated,i have to sell my mother's house. to one of my relative,. in such a way that he will give me around 20 Lac at the time of registry,and for remaing amount ie7 lac he will give me a post dated cheque that I will have to draw after three years,
in these conditions can registry be done,
and when I have to pay
long term capital gain tax in current year or after three years .


Learning

 1 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     15 July 2019

A common misconception that many homeowners may have, is that the "profit" on the sale of the home is the capital gain. While that might seem to be the right answer after doing a little simple math—by subtracting the home's original purchase price from its current sales price


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register