Capital Gains Tax on Flat sold in Mumbai

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  1. sksamaaa000

    sksamaaa000 New Member

    I SOLD A FLAT IN MUMBAI IN JUNE 2013. I HAVE BOUGHT A FLAT IN MUMBAI WHICH IS UNDER CONSTRUCTION WHICH WILL BE HANDED OVER TO ME IN MAY 2017. IF THE BUILDER FAULTS ON IT AM I LIABLE TO PAY CAPITOL GAINS TAX, DO I NEED TO TAKE A UNDERTAKING FROM THE BUILDER THAT IT WILL BE READY FOR POSSESSION BY MAY 17?
     
    G.RAJENDRAN likes this.
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