Business Standard

Capital gains on property sale

TAX QUERIES

Kanu Doshi  |  Mumbai 

  • ALSO READ

    Banking on bonus

    Taxing time ahead, plan your options

    Insure your savings

    Investing to save tax

    Begin your planning

I plan to buy a bigger flat and will sell my old flat to raise the funds. The old flat was bought 20 years ago and I expect to make a decent capital gain on the sale. What are the tax implications?

Capital gains on property sale

TAX QUERIES

Buying a new flat by selling an old one allows you to get tax exemptions, but there are some conditions that need to be fulfilled.

I plan to buy a bigger flat and will sell my old flat to raise the funds. The old flat was bought 20 years ago and I expect to make a decent capital gain on the sale. What are the tax implications?

image