24 January 2011
Dear Sir, I sold my flat at Shimla for 2500000/- on 13.12.2010 which was purchased by me in March 1996 for 422000/-.Now i want to purchase another property before 31.07.2011 so that i may get the benefits of capital gains. My query is this;- 1.Can i purchase the new property jointly with my wife without loosing the benefits of capital gains. 2.The flat i sold was in my name only. 3.Will i get all the benefits of capital gain if i add my son's name also while registering it.Please tell me in detail. Please guide me what should i do.An early reply is requested. Thanking you. Arun Sharma kalia1961@gmail.com
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