avoid capital gains in sale of a flat..

Discussion in 'Money Matters' started by ashwini999, Dec 4, 2010.

  1. ashwini999

    ashwini999 Senior IL'ite

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    i purchased a flat in chennai in 2005 for 15 lacs and just sold it for 30 lacs...
    and now if i want to avoid any capital gain tax on this sale, what should i do?
    i planning to just use this money to pay into my other two home loan accounts and deposit the remaining in any nabard bank..is that a good idea?
    or any other best suggestion please..
     
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