Capital gains

Raj (xcvcx) (33 Points)

04 March 2013  

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