My Mother owns a property in a single name in Mumbai. It's a redevelopment property which we took the position on 31st Jan 2016 and agreement date is June 2013.
The total area is approx 1200 out of which I have purchased 200 square feet from builder during agreement original area was 700ca and + 300 was FSI granted by the builder.
Now I intend to sell the property what is the tax liability such as long term and short term in my case by selling this flat we would like to purchase 2 flats in two different names.
Please Help
