Tax on sale of Flat after Builder Collaboration

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  1. kumar ss

    kumar ss New Member

    respected sir
    i gave my land to builder ,buider gives me 3 flat .both three flat we use
    i do not sold any flat ,can i give capital gain tax without sold my flat?
  2. gaurav_kumar

    gaurav_kumar Well-Known Member

    When you give a floor to the builder, you would be required to initiate a sale registration in favor of the builder. And when you do a sale deed, capital gains would arise on the sale.

    So in this case, it would be considered that you sold the flat to the builder and then from the sale proceeds - you paid the builder for construction of the house.

    So the Capital Gains arising in your hands in such a case will get exempted as you've reinvested the capital gains in construction of your house.
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