Capital gain

ramakrishna.r.b (Querist) 28 July 2015 This query is : Resolved
Respected Sir,

Gandhibazar Bangalore Property - sold details
My Mother (Late) Smt.Rangamma had Self-acquired Property at gandhibazar Bangalore My mother died Intestate on 15-05-1996 leaving behind 6 children who are all married . I am the 4 th child to my mother. My name is Krishnamurthy My Father (Late) Sri srihari expired on 02-05-1994.
We sold the above mentioned property after getting our mother’s property changed into our names to satish on 16-02-2015 for a total sale consideration of Rs 1,26,00,000 measuring 1338 sft. (balance land & Bldg left out). We paid TDS in the account of Krishnamurthy for a sum of Rs 1,26,000/-. Balance Amount of Rs 1,24,74,000/- was divided into 6 parts and I received Rs 20,79,000/- my share.
My mother purchased this property on 28-Apr-1954 for Rs 2000/- and 25-07-1959 for a Rs 400/- only.
My Apartment in rajajiNagar Bangalore - sold details
I had purchased a Flat on 24-02-1999 at rajajinagar for a total purchase consideration of Rs 8,50,000/- and sold the same to Sri manjunath on 30-04-2014 for a total Sale consideration of Rs 46,00,000/-- 1165 sft - 2 BHK apartment
New Apartment in yeshwanthpur Bangalore - Purchased details
I have Purchased a New Flat yeswanthpur bangalore, for a sum of Rs 47,50,000/= and paid Rs 3,13,500/- towards Stamp and Registration Expenses and paid Rs 4,18,000/- towards Vat and ST by way of cash to angad Properties (Builders) on 02-Mar-2015 – 1670 sft Super built-up Area.
Remarks : The entire Sale proceeds of my earlier Flat at rajajinagar and My share which I have received from ghandhibazar property has been completely utilized in purchasing the New Flat at yeswanthpur within 1 year from the date of Sale of my flat . I am a retired person I do not have any other income other than getting a small pension of Rs 6,000/- (Appx) per month. Am I eligible for Capital Gain Tax

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