Advise on Long Term Captal Gain tax

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Chandramohan asked 10 years ago

Hi sir, I have property A which i was staying purchased long back. purchased property B and property C via home Loan, Now i moved myself from Property A to Property C, Property A is vacant now. I sold property B and calculated the Capital gain from CA and deposited partial amount to long term capital gain bond, I understand to avoid tax i need to buy a new property from the sale proceedings within 3 years or pay tax i am not interested to buy a new property, kindly advise how much tax i need to pay.

1 Answers

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Sreekanth Staff answered 10 years ago

Hi, For doing tax calculations, I need to go through the required documents, suggest you to kindly consult your CA only. You may go through this article; http://www.relakhs.com/how-to-save-capital-gains-tax-on-sale-of-land-house-property/