clarifications about capital gains on house sale and purchase

550 votes

There would definitely be a capital gain if one's sell out any of the property. But rest can be clear only after reviewing the papers only because there are some other factors too which depends on purchase price and sale price accordingly.

Advocate Patrika Gupta LawRato

602 votes

No capital gains arises when new property purchased by selling out old one. In your condition purchase date shall be taken on the date of registration that's why no capital gain arises. so far as loan is concerned it is not cleared whether secured or unsecured and how got without registration of property but but in your condition still immaterial.

Advocate Priyesh Verma LawRato