Anjana Krishnan
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Tax on long term capital gains
Q: Hi... Had bought a flat at 65 lakhs in 2008 and now Iam selling the flat at Rs.83 lakhs but the buyer is registering it as per the present guidance value which is higher ie @ Rs.97 Lacs. Need to understand the tax implication on the long term capital gain. am I liable to pay 20% on the 14lakhs for which I will not be actually getting that 14lakhs. Please advice on the best possible solutions on how i can avoid or reduce capital gain tax on this 14lakhs? Appreciate if anyone can provide me any input on the same. Thanks

Latest Answer: Thank you so much...

is the project was approved by HDFC Bank. Can you please confirm on the approval reference number for the same.
Q: As Embassy place is a old project , need to know if was approved by HDFC bank or any other bank

Latest Answer: Thanks for the response. I did check with HDFC Bank and they confirmed its not approved by them. I did contact the Embassy Builders too regarding this. They weren't able to assist in this regard as they said it was a old project and they don't seem to have much details about this project. I just need to know the banks that approved this project so that it becomes easy for processing the loan with the approved bank. Appreciate if you can help me in this regard as I am clueless as how to resolve this simple issue.

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