dear sir, i had sale a house which jointly name of my mother,brotherand myself itwas purchased in 1981 and therafter sold in 2008 mother expired three parts of total cost of property is 283333 eachhow much tax on the capital gain?
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i bought a house on 24/10/2005 for agreement value 1063000/-. i sold the same house on 3/07/2008. for agreement value 2500000/-. i again bought a house 11/04/2008 for agreement value Rs. 4300000/-. what will be capital gain tax i need to pay.
If new flat is purchased by mobilising funds from friends and relatives partly and partly by raising loans from bank, before sale of the existing house, can I get exemption from paying capital gain tax
