FAQ About Real Estate FAQs Mumbai
I have a flat which I want to sell and buy a new flat, bigger in area. What are my tax implications with regard to capital gains?
Capital Gains are exempt if a person purchases a new flat within two years of the date of sale of the original flat and invests the entire amount of capital gained into the new flat. However, the same is subject to the provisions of the Income Tax Act, 1961. Customers are requested to consult his/her Chartered Accountant in this regard.
