I am selling a land and got 80% of money as advance but it will be registered after two month .
I am about to buy a flat with that money and its registered in another 10-15 days.
Will there be tax complication since I am registering the flat (which I am buying ) before the registration of land (which I am selling )
Thanks Vaibhav , that means I can show that capital gain from land is invested in flat and thus I don't have to pay 20% on that money ?
V.K. Ranjan & Co(Chartered Accountants)
New Delhi
B.Com
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