Legal Question in Real Estate Law in India

say if i want to sell my house for rs 35 lac then how much white money cheque do i need to get. also if i want to buy another house but after 5-6months then can i deposit all the money in bank or not.that is the amount i would recevied in cash and cheque


Asked on 3/10/13, 4:46 am

2 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

10.03.2013

Dear Sir / Madam,

(Janta Market, West Delhi)

Full cheque payment is recommended and to avoid long term capital gains tax, you will have to invest the amount in the purchase of another house within two years of sale of this house.

Regards,

FCA Prashant Chavan

Mumbai

(You can also mail me for any further on-line advice at [email protected])

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Answered on 3/10/13, 5:45 am


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