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

Investor Asks: Capital Gains Tax on Unregistered Property Sale?

T S Khurana

T S Khurana   |563 Answers  |Ask -

Tax Expert - Answered on Feb 19, 2025

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more
anand Question by anand on Feb 18, 2025Hindi
Listen
Money

I purchased a investers flat in 2024 for 60 lakhs i.e till now we didn't had any sale agreement or registration. Now we are planning to sell the same for 80 lakhs with sale agreement done last month (no registration yet). Will there be capital gain tax on this? If so how much?

Ans: There will be Short Term Capital Gain Tax.
STCG would be Rs.20.00 lakh (Sale Rs.80.00 lakhs Less Cost Rs.60.00 lakhs).
You would be executing Sale deed while selling the property, where as its Cost shall be reflected from your bank transaction of Rs.60.00 lakhs.
Its tax calculation would also depend upon other factors like your taxable income from other sources etc.
Most welcome for any further clarifications. Thanks.
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

Mahesh

Mahesh Padmanabhan  | Answer  |Ask -

Tax Expert - Answered on May 03, 2023

Latest Questions
Nayagam P

Nayagam P P  |11395 Answers  |Ask -

Career Counsellor - Answered on May 09, 2026

Career
My sister has an option to go for EEE/ECE in VIT Vellore campus or AI/ML in VIT Amravati/Bhopal campus. Which option should she go for? Want to maximise on placement opportunities in these uncertain times. Other colleges in list: 1. CSE, AI in SRM University (Ramapuram) 2. CSE /AI in Alliance University 3. CSE/ AI in Mahindra Ecole School of Engineering. Would really appreciate some help.
Ans: Satvik, before I answer your question, I suggest you ask your sister which branch she is interested in or passionate about, and what types of problems she wants to solve in the future to make the best choice. However, she should also remain adaptable and open to changing her focus if her interests evolve during her undergraduate program by upgrading her skills and staying informed about job market trends. Answering your question, please note, for placement security, VIT Vellore ECE is the best choice, offering a strong balance of brand reputation, alumni network, recruiters, and access to tech placements, with VIT reporting top recruiters and a high CTC of ?1 crore across all campuses. VIT Vellore EEE is a good option only if she is committed to developing strong coding and electronics skills. The AI-ML branch at VIT AP or Bhopal is attractive, though the campus brand is not as established as Vellore; notably, VIT Bhopal reported a highest package of 51 LPA and over 1,100 placements for 2025. Mahindra University’s CSE/AI program is a promising emerging option, with an average salary of 9.1 LPA and a highest package of 40 LPA in 2024. SRM Ramapuram’s CSE/AI offers a reasonable backup, while Alliance’s CSE/AI should be considered last. Overall, the final recommendation is to prioritize VIT Vellore ECE over AI/ML at the newer campuses. All the Best for Your Sister's Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

...Read more

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