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Capital Gain Query-1

This query is : Resolved 
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(Querist)
19 April 2024 I've recently sold my property in Delhi and have realized a Capital Gain of approximately 75 lakh. I own agricultural land in Himachal Pradesh where I've incurred expenses on construction. Can I claim a capital gain exemption based on the amount spent there?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
19 April 2024 most probably no. Unless you get the land use changed for the agricultural land.
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Rahul Raj

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Rahul Raj (Querist)
19 April 2024 and if I show that I have constructed a residential House there.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
19 April 2024 if you can show that, then you can claim exemption.
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