Brokers are asking for a cash and a cheque component. I need to understand how can i get exempt from tax in the event of making a profit. I also have another property in mind which I am planning to buy as soon as possible. Can i get a tax exemption in this case for the amount that i receive in cheque over and above the booking rate.
Thanks so much for your reply. The construction is complete and as of now registry is in progress. Assuming that registration is complete and then I sell, for any preimum received in cheque, please suggest if tax needs to be paid?
My plan is to reinvest this money asap into another property as I am planning to diversy my properties