Capital Gain Query-1
This query is : Resolved
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?
19 April 2024
most probably no. Unless you get the land use changed for the agricultural land.
19 April 2024
and if I show that I have constructed a residential House there.
19 April 2024
if you can show that, then you can claim exemption.
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