654+ Lawyers are online 
How to utilize capital gains for previously purchased property
20-Jul-2023 (In Property Law)
I have purchased a old house for 2Crore. I have paid fully with my saving and retirement benefits. Later after 6 months I sold my 30×40 site for 75 Lakh. And I sold my flat for 50Lakh Capital gain from these property can be adjusted with the purchased of house which happened 6 months earlier.
While making a sale deed you need to write the amount of sale and purchase in the terms of the agreement. If you have shown less amount in the previous agreement then you cant adjust the amount for the later purchase in the previous purchase.you can hire a lawyer for detailed advise on the subject.
Helpful?
Adv. Siddhant Sharma
Delhi | 500+ Answers
Chat
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Property lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
