Tax liability on Joint Purchase of Property

Q: A person sold his property for 75 lacs and wants to buy another for 50 lacs. The property sold was in his name only but the new property is to be bought by 3 persons--the person himself, his brother, and his nephew. please tell me the following:
1. Are the person's brother & nephew liable to pay any tax for including their names in the purchase of the new property? if yes, is there a legal way to avoid this tax?
2. For the person himself and/or the person's brother/nephew to use the remaining 25 lacs, is some tax to be paid? if yes, is there a legal way to avoid this tax?

Mahit, Delhi

8th February 2015

Buying property in Delhi

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Hi, there is certain clause for this issue. If a person sell his properties for 75 (Assuming properties is apartment ) and purchase another unit of 50 lac then for remaining 25 lac he/ she must give tax to the gov. if you want to avoid tax you have to take purchase same amount of properties.