1. I have purchase a Residensial property jointy with spouse for Rs 1.48 cr in 04 Nov 2019. I tried to sell my existing Flat before purchase , but I can able to get deal. So I paid money from my retirement benefits and fixed deposits. After 10 months I got a slightly better offer and sold my flat in Sep 2020 for 48.75 lakhs lesser than Stamp Duty of 60 Lakhs, because it was 20 year old flat and no one want to offer the circle rate.
    As the acqution cost of flat 10 Lakhs and indexed acq cost is 30 lakhs. and LTCG considering 50C will be 60 – 30 = 30 lakhs. 10 months earlier I have purchase New property jointly with Spouse for 1.48 Cr with 50 % share come to 74 Lakhs. I want to save the LTCG of 30Lakhs by showing the investment done 10 months earlier for Rs 74 Lakhs. I hope this will be leagaly correct. please answer.

  2. I am planning to sell my commercial property for around Rs. 15 lakhs . I already own 2 residential property in my name.
    How can i save LTCG.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.