Short Term Capital Gain Tax on property

Share
Share This Thread
  1. sachinsaregama

    sachinsaregama New Member

    I want to sell my old plot : Property on both Husband Wife Name.

    Both are Tax Payee.

    Year of purchase : 1999

    Cost of Purchase : 275000

    Current government valuation : Rs. 2800000

    We are already having our own two flats in different cities.

    My query is :

    1. If I transfer my plot to builder for development agreement, and hold its 50% area of property, is the tax is payable ?

    2. If I sell our my salable area, then can I invest the amount in one more house for getting short term tax exemption ?

    please reply.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Short Term Capital Gain Tax on part sale of Shares Other Taxes Feb 4, 2015
long term capital gain tax Other Taxes Sep 5, 2017
long term capital gain on units of equity mutual fund Other Taxes May 2, 2017
Long Term Capital gain exemption for investment in Joint name Other Taxes Oct 21, 2016
Long Term Capital Gain Tax Other Taxes Oct 15, 2016