I have been filing my ITR myself for last several years. This FY, i sold a property & booked another. I need services of CA to excercise tax saving options and file the ITR this year. If you are in & around Delhi / Connaught Place, please reply with your contact inforrmaton.
1 Replies
Divakar
(Student CA Final )
(11857 Points)
Replied 24 March 2018
There are several ways to avoid paying tax when you sell a house. There is no tax to be paid on the gains, if you use the entire gain from the transaction to buy another house within two years or construct another house within three years. The two- and three-year period applies even if you bought another house a year before selling the first one. But the property should have been bought in the name of the seller.
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