Business Standard

Capital gains on property sale

TAX QUERIES

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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?

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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?

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Some instruments are more tax efficient

Starting December, mutual fund houses and insurance companies will begin to aggressively promote tax saving instruments. And as usual, taxpayers who ...

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