capital gain

This query is : Resolved 

27 February 2010 some one sale one residential property sept 2009. When he will open to capital gain a/c from date of sale. And what time frame to purchase new residential propery for save capital gain long term.

Now we booked new property july 2010 & agreement befor july 2010
it is must to possession of property before july 10
if possesion will get july 11 . plese give us your view for capital gain.

27 February 2010 The last date will of opening the capital gain a/c will the due date of filing income tax return i. e. 31.07.2010.

27 February 2010 He can purchase a new residential house property with in 2 years from year he sold his residential house property.

02 March 2010 continue with expert , he can construct a new house in 3 years from date of transfer.


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