Long term capital gain

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sanjay patil (Querist)
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19 February 2018 I had purchased row house in March 2012 - agreement was made of 12 Lacs + Stamp Duty, Reg. Charges 70K, but I had paid cash of 9.50 Lacs to builder, though agreement was of Rs. 12 Lacs, total paid 21.50 & sold that row house on Dec 17 on 23.75 Lacs and purchased flat in pune on Feb 18 for 22.75 Lacs + Stamp Duty, Registration Charges 1.70 Lacs - what will be the income tax applicability?

ALKESH T MEHTA

ALKESH T MEHTA (Expert)
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21 February 2018 You can claim income tax benefit U/S 54 of Income tax Act, as property is purchased within two years from the date of sale in 2 years & same is to be shown in current F.Y. income tax return.