How much Capital gain tax I need to pay on selling house on my mothers name ?

POSTED BY myk ON June 29, 2014 2:08 pm NO COMMENTS

Hello,

I have purchased a home in 1997 – June @1 lac. And now I’m selling it at 12 lac on my mother’s name.

–> How much tax I’m liable to pay ??

–> I have purchased one more home 2 yrs back. Can I save Capital gain tax by investing it into this new home’s loan (my mother is also a co-applicant) ??

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