Rediff.com |  Feedback  
You are here: » Rediff Home » Discussion Boards » Permalink
  
View : Single Message | Complete Thread | Read complete Discussion
Captial gains tax
by Guest on Sep 17, 2008 09:07 AM   Permalink | Hide replies

I am selling a property vacant land in bangalore for 50 lakhs, the buyer is telling me I have to show him proof that i am either paying the capital gains tax, or make reinvestment to avoid capital gains tax. The reason for this he is stating is that if perhaps I do not pay captial gains tax he might be responsible for it. Could you please inform me if I can make a reinvesment in another property to avoid captial gains tax and if not what other options do i have

    Forward  |  Report abuse
  Re: Captial gains tax
by Abdul Shariff on Sep 17, 2008 09:08 AM   Permalink
I have owned the property for over 3 yrs

   Forward   |   Report abuse
The above message is part of the Discussion Board:
The odds favour the house