Capital gain
This query is : Resolved
Vandna rana
(Querist)
06 April 2017
Respected Sir,
I want to know that a person sale a residential house and then purchase agricultural land. Are capital gain exempt and taxable
I want to know that a person sale a residential house and then purchase agricultural land. Are capital gain exempt and taxable
06 April 2017
Capital gains from sale of residential house must be invested in purchase or construction of residential house property in order to get exemption u/s 54 and not in agricultural land.
06 April 2017
Capital gains from sale of residential house must be invested in purchase or construction of residential house property in order to get exemption u/s 54 and not in agricultural land.
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