Capital gain on property sale
This query is : Resolved
15 August 2020
Dear Sir
In order to save capital gain tax on sale of residential property, do we need to reinvest entire sales consideration or only the capital gain amount of the sale value to buy another already constructed residential property within 2 years of sale. Pl advise. Thanks..
In order to save capital gain tax on sale of residential property, do we need to reinvest entire sales consideration or only the capital gain amount of the sale value to buy another already constructed residential property within 2 years of sale. Pl advise. Thanks..
15 August 2020
Only Capital gain needs to be invested to take exemption.
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16 August 2020
Thank you Sir for your quick response and guidance on Capital Gain subject.
16 August 2020
Most Welcome. I am glad to help you.
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