18 August 2010
I have a flat on name of my wife. purchase in 2004 at Rs.2 lacs currently the market value of the flat is Rs.11 lacs. i want to sell the flat and against this want to buy a house at Rs.15 lacs on my name and going to take loan of 5 lacs form bank. my query is 1. how i can manage capital gain and save tax 2. it should be possible to buy house on both name and take loan.