Please answer the following with reference to Section and case law if any :
I am about to sell my property and I would like to know if i have to pay any Capital Gain Tax.
Also after selling my property I would be investing in another property within a years time.
Details:
Flat Booked Date: 27-04-2009
Agreement Date: 18-05-2009
Possession Date: June-2011
Tentative Selling Date: Feb-2014
Agreement Value: 15 Lacs.
Selling at 25.60 lacs
Regards,
Siddharth Bumb
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