Long term capital gain

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  1. Rohit gala

    Rohit gala New Member

    I have one flat with two agreements. I want to sell this flat . If I sell this flat and buy one larger flat will I be allowed to offset the gain out of this flat( with two agreements) against purchase of one flat .
     
  2. Parul_Gupta

    Parul_Gupta Active Member

    Yes, you can claim capital gains exemption on sale of small flat if funds are reinvested in a bigger flat.

    Please elaborate the words "1 Flat with 2 Agreements"
     
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