Home > Money > Question
Need Expert Advice?Our Gurus Can Help

Capital Gains Tax on Flat Sale 36 Years Later

Yogendra

Yogendra Arora  |34 Answers  |Ask -

Tax Expert - Answered on Mar 27, 2025

Yogendra Arora is the founder of Y Arora Associates And Chartered Accountants, a tax consultancy firm based out of Kanpur.
He has over 11 years of experience in auditing and consultancy.
Before starting his own consultancy, Yogendra, a commerce graduate from CSJM University, Kanpur, worked with ICICI Bank and Indusind Bank as credit manager between 2013 and 2018.... more
Anindita Question by Anindita on Feb 20, 2025Hindi
Listen
Money

I bought a flat for 2,05000/- in 1984. I sold it for 31,00,000/- in 2019. The market value of the said flat in 2019 was 93,00 000/-. I bought REC Bonds for 18,00,000/- Do I have to pay Capital Gains Tax

Ans: as per details shared & calcuations done by me there is not capital gain in your case so investment done in REC Bonds not required in your case.
And no capital gains tax in your case.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
Money

You may like to see similar questions and answers below

Latest Questions
Dr Dipankar

Dr Dipankar Dutta  |1195 Answers  |Ask -

Tech Careers and Skill Development Expert - Answered on May 03, 2025

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x