Mirror Now
@mirrornow·2.2M subscribers·145K videos
What are tax implications on selling a flat?- Property Hotline
Posted
November 24, 2016
Views
57
November 24, 2016
57
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
2:27Now PlayingExpert: Ashish Sodhani, Tax Expert.
Question: I am planning to buy a flat of Rs 60 – Rs 65 lakh. After buying, I plan to repay the loan from the current flat which will yield him more than Rs 30 lakh. What are tax implications? The he amount from the current flat is not Capital Gain.
Answer: Sale proceeds from sale of flat to purchase residential flat within the timeline provided under the law should not result in the gains being subject to tax. Capital gains tax exemption should be allowed if the residential flat is purchased one year before the sale of the current flat and the gains from the sale of current flat are utilized to purchase the residential flat.
Be Un Confused
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
