Dear Sir/Madam,
I sold recently two small plots in 2012-2013, and with one plot money i purchased a new flat. Thats how I avoided Capital Gains due to sell of first plot.
Now I want to avoid capital gains for the second plot i sold in this year.
I am planning to do some interior designing work for my new flat like wardrobes, kitchen furniture, new tiles (not from builder), new house electrical wires(not from builder) etc.... For all these I have to purchase from outside market.
Can I produce those bills (which are not purchased from builder, and I have to purchase from outside) to avoid capital gains which are due to sell of second plot.
Please advise.
Thanks,
RajaSekhar