capital gain account

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  1. mkp259

    mkp259 New Member

    I have sold my house in July 2014 and purchased a flat in January 2015. I have deposited rs. 24 lac (capital gain amount) in account B for one year. At the time of sale agreement of new flat I have paid Rs.8lacs to the seller from my saving account. now I want to pay Rs 17lacs from capital gain account and balance amount of capital gain account to be transferred to my saving account. Can I get tax benefit on entire capital gain of Rs.24Lacs.
     
  2. Karan Batra

    Karan Batra Well-Known Member

    Why you have paid Rs. 8 Lacs to the seller ?
     
  3. mkp259

    mkp259 New Member

    Earlier I was intended to invest capital gain money to buy another property so I have paid this amount from my saving account. Now I have postponed the idea of another property. so please advise me.
     
  4. Manoj Mehra

    Manoj Mehra Active Member

    But why have you paid to the Seller?

    You have sold a property so you should be receiving from the seller
     
  5. mkp259

    mkp259 New Member

    After sale of my house I have purchased a new flat and amount of Rs8 lac was paid to seller of the flat. I have paid this amount from my saving account instead of capital gain account.
     
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