Capital Gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 January 2011
hiiii
m about to sell plot(land) its about 5400sqft n the rate is about 600. I aquired it in 1980. I don want to pay any capital gain tax. So what should i do in this. M about to construct a house of about 1600sq feet. Again i need to invest some amount then wer shld i invest it.
m about to sell plot(land) its about 5400sqft n the rate is about 600. I aquired it in 1980. I don want to pay any capital gain tax. So what should i do in this. M about to construct a house of about 1600sq feet. Again i need to invest some amount then wer shld i invest it.
CA. R. B. SAH
(Expert)
01 January 2011
you have to invest net consideration on purchase or construction of house or you can in bonds of REC & NHAI.
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