Comment posted on How to Save Capital Gains Tax (LTCG) when Selling Land / Plot by rakesh.
Dear Pankaj sir, thank you very much. I am obliged by your quick response. God bless you. regards.
rakesh also commented
- Sir Good evening.
It is quite appericiable that you answer all quaries with a lot of patience. Hats off to you !!!!.
Sir, I had bought a flat in 13.00 lakhs in 2001. I sold the same at 37 lacs in 2006 incurring a LTCG of 24 lacs. I invested 30 lacs (including LTCG of 24 lacs ) in buying another flat in 2009 (within 3 yrs ). NOW i need to sell ,urgently , the latest flat in 2012 (not completed 3 yrs ) in 45 lacs. What will be the implication of STCG / LTCG on previous or new flat ? Kindly clarify. Regards and thanx.