Capital gains from property
This query is : Resolved
PRANAY JAIN
(Querist)
02 August 2014
I have one residential house(for which i claimed capital gain exemption 4 years back) in my name and i want to invest a sum received as capital gain to buy another residential house this year can i do that considering amendments made in union budget 2014
Rupesh Jain
(Expert)
02 August 2014
you have to buy house in two year and construction with in 3 years . and money will deposit in capital gain a/c. you sell 4 year back then no exemption from capital gain tax.
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