Capital gains
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 June 2018
Sold a land in June 2016
Invested in Bank under Capital Gain Scheme - whole amount
Withdrawn from bank in March 2018
Purchased a House from 85% of whole amount.
Is balance 15% taxable?
If yes under what section?
If balance 15% spent for improvement of same house property purchased, will it be taxable?
Invested in Bank under Capital Gain Scheme - whole amount
Withdrawn from bank in March 2018
Purchased a House from 85% of whole amount.
Is balance 15% taxable?
If yes under what section?
If balance 15% spent for improvement of same house property purchased, will it be taxable?
13 June 2018
what is the magnitude of capital gain on sale of the said land?
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