Indian Real Estate Forum - www.indianrealestateforum.com - View Single Post - Income Tax Law for Capital Gain on Property selling.

Makarand_keer · 15-02-09

Hello All,

I wanted to get some info related to procedure of paying tax on Capital gain.

Recently I sold my property, even though registration of property in the name of new buyer was done in month of May 08, I received the major protion on money in the month of Dec 08. So I was wonderting if I do not reivest this Capital gain in another property before March 09, do I have to pay income tax for Year 08-09?

Thanks
Makarand

15-02-09	#1
Makarand_keer New Member Join Date: May 2008 Posts: 10 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts	Income Tax Law for Capital Gain on Property selling. Hello All, I wanted to get some info related to procedure of paying tax on Capital gain. Recently I sold my property, even though registration of property in the name of new buyer was done in month of May 08, I received the major protion on money in the month of Dec 08. So I was wonderting if I do not reivest this Capital gain in another property before March 09, do I have to pay income tax for Year 08-09? Thanks Makarand