Hello Sreekanth,
Need your advise please, I have recently sold my old flat and have a LTCG on that
Please let me know what documents are needed as proof for LTCG
Is it the Sale Deed that was between me and the builder
or should i have the new sale deed which is between me and the buyer now?
Thanks for your help and advise
Digvijay
1 Answers
Dear Digvijay,
To calculate indexed cost of purchase (for you), you need the Sale deed done between the builder and you.
The documentary evidence for Re-Sale of property between the new buyer and you is the new Sale Deed.
So, advisable to have copies of both Sale Deeds with you.
Related article :
How to save Capital Gains Tax on Sale of Land / House Property?
To calculate indexed cost of purchase (for you), you need the Sale deed done between the builder and you.
The documentary evidence for Re-Sale of property between the new buyer and you is the new Sale Deed.
So, advisable to have copies of both Sale Deeds with you.
Related article :
How to save Capital Gains Tax on Sale of Land / House Property?Please login or Register to submit your answer