Capital Gain Account Scheme

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  1. I purchased one flat jointly with my wife from a Grih Nirman co-operative society. Lease dead in done on 12-11-2002 at cost---382950. I want to sell it now at the cost of 1600000/-. Indexed cost is now--963800/-
    I want to avail capital gain account scheme. How much amount I and my wife will have to keep in this account. I want to have separate account for me and my wife.
     
  2. Karan Batra

    Karan Batra Well-Known Member

    Yes, you can open 2 separate Capital Gains Account and deposit Rs. 3,18,000 in both these accounts to completely avoid any capital gains tax
     
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