Capital gain tax rule
This query is : Resolved
pankaj mahajan
(Querist)
13 May 2016
if my property i have sold 40 lac and i have buy new constration another property 23 lac and remaining 17 or 15 lac amt will convert in FD .
MY ? IS which tax are applicable and how ...i????
MY ? IS which tax are applicable and how ...i????
Rupesh Jain
(Expert)
13 May 2016
if sell the residential property and buy residential then you can deduction claim u/s 54 if property old more than 3 years you have to invest capital gain for that
if you sell the other pro and buy residential prop. the you can claim deduction u/s 54F property old more thatn 3 years for that you have to net sale proceeds to be invest.
if prop. fall in any case then you cannot claim deduction.
you prop. if short term capital then you have to pay the tax on gain add in you another income.
if you sell the other pro and buy residential prop. the you can claim deduction u/s 54F property old more thatn 3 years for that you have to net sale proceeds to be invest.
if prop. fall in any case then you cannot claim deduction.
you prop. if short term capital then you have to pay the tax on gain add in you another income.
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