Captial gain proceeds
This query is : Resolved
02 July 2018
Sir, When residential property is sold, i got the capital gain of Rs. 2,00,000, out of sale proceeds of RS. 15,00,000.
In order to get the benefit of capital gain tax, i have to invest the same in another residential property. Now the question is whether do i have to invest only of Rs. 2,00,000 or entire sales proceeds of Rs. 15,00,000 in to another residential house property. kindly advice.
In order to get the benefit of capital gain tax, i have to invest the same in another residential property. Now the question is whether do i have to invest only of Rs. 2,00,000 or entire sales proceeds of Rs. 15,00,000 in to another residential house property. kindly advice.
02 July 2018
Invest Rs. 2,00,000/-. Refer section 54 also.
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