Capital gain tax avoidance
This query is : Resolved
24 September 2014
I am selling a residential property for an X amount and will invest the same amount in buying another residential property soon. Would the X amount have to be the amount shown in the new purchase property's Sale Deed or Sale Agreement? If Sale Deed then can the Stamp Duty n Registrations amount be included in the X amount ?
24 September 2014
you need to only invest the capital gains in case of sale of house property. refer section 54. Stamp duty and registration charges are included in the transfer cost and considered for computation of exemption
30 September 2014
yes invest only capital gains as earned in sec 54
20 October 2014
you are welcome Dipak....
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