15 February 2018
My parents have sold one flat in current f.y. and purchased another. New flat is purchased on the of one of the parent and me. Is there any LTCG implications on the same?I have sold the flat for Rs. 25 lakhs which is purchased for Rs. 4 lakhs in 2003-14 and purchased new flat for Rs. 43 lakhs.
Will there be any problem if new flat is purchased only on one parent's name and my name?