Registered value on paper OR the actual amount paid?
I have purchased flat in 2011 for 35,86.000. 10,86,000 arranged from my own funds and 25,00,000 taken loan from LIC.
When the flat was registered on April 2012, it was registered as per the govt value for 18,43,000 and registration charges of 1,23,950 coming 19,66,950.
I have sold the flat in September 2016 for 49,00,000 and it was registered for the same value.
1. So while computing the long term capital gains, which purchase value we should consider as per income ta rules ?
Purchase value on paper : 19,66,950
Actual purchase value : 35,86,000 (Sale agreement from builder mentioned the same and while applying for the home loan also same was considered by LIC)
2. If I need to put the long term capital gains money in the LTCG account , when is last day ?
3. If I need to pay long term capital gains and wanted to invest in another residential plot/flat, the same needs to be registered by September 2017 ?
Please let me know.
Asked 6 years ago in Capital Gains Tax
Thank you all.
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