Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 July 2014
Hi,
If I sell my Office located in India and invest the consideration received from that for my son's eduction abroad, will the capital gain be exempted?
Thanks
If I sell my Office located in India and invest the consideration received from that for my son's eduction abroad, will the capital gain be exempted?
Thanks
31 July 2014
no then entire capital gain is taxable...........................
Vishnu Saboo
(Expert)
31 July 2014
there are certain way to get exemption of LTCG, like you have to invest the money for buying house within specified time limit, or u may invest the money in NHIA bonds for 3 years u/s 54 EC.
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