close Change the way you learn with CCI Online Coaching   view more
Home > Experts > Income Tax > Capital gain tax


Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Capital gain tax (Income Tax)

Report Abuse
This query is : Resolved


( Author )
26 June 2012

can anybody help me ;
mr X sold a site(land)in fy 2010-11.entire capital gain invested in flat purchase(only partial amt met) and he got exemption. In fy 2011-12, he sold another site(land) and now he intending to invest capital gain in same flat to met balance amt. whether he could get exemption on capital gain on second site sale?


Soumitra Basu

( Expert )
27 June 2012

Yes he will be entitle to invest in residential house for exempting the capital gain from sale of land.



Previous

Next

You need to be the querist or approved CAclub expert to take part in this query .


Click here to login ( Members Login ) now


Similar Resolved Queries :







submit










Quick Links