Capital gains tax exemption
This query is : Resolved
05 January 2017
If the landed property is sold and the proceeds are invested in total as under;
50 to 60 percent in purchasing a new house and the balance of 40 percent invested in the NHAI or REC bonds , does the investment fulfills the norms stipulated as per income tax act for claiming exemption for capital gains tax.
chandrasekhar
50 to 60 percent in purchasing a new house and the balance of 40 percent invested in the NHAI or REC bonds , does the investment fulfills the norms stipulated as per income tax act for claiming exemption for capital gains tax.
chandrasekhar
05 January 2017
Yes the above investment fulfill the condition for capital gain exemption.
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