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Home > Forum > Pune > Other > Is extra tax paid for capital gains on selling an old flat?

Is extra tax paid for capital gains on selling an old flat?

Q: I have a old flat which I want to sell and go for a new apartment by one of the renowned builders. Do I need to pay any extra tax as there might be capital gains after selling my old flat? Please advice.

capital gains on selling an old flat
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The tax for capital gains is nil if you buy the new apartment within two years of selling the old flat. You do not have to pay any capital gains tax within two years and if all of the capital gained from selling of old flat is used up in the new flat.
Srinivas


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