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Vivek

Vivek Lala  | Answer  |Ask -

Tax, MF Expert - Answered on May 19, 2024

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more
UNNIKRISHNAN Question by UNNIKRISHNAN on May 16, 2024Hindi
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Sir, I had bought a house in march 2021 for 93L , then in December 2023 I sold my 38yrs old house for 74L , this money was used to pay my balance amount of my new house. I would like to know whether any capital gain tax will be applicable to me. Thanks

Ans: Hello, as per the dates mentioned, you cannot avail any capital gains benefit for the two transactions done
Your tax liability for the house sold in Dec 2023 will be calculated after the CII value of the house is derived
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.
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