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Exemption on income tax

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(Querist)
06 February 2023 I wish to know if I can get exemption of income tax on capital gain if I purchase a flat in
Feb 2023 and sell another property in Dec 2023 .
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
06 February 2023 Yes, provided the capital gain from sold house property has Long Term cap Gain.
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SADASIVAN THEKKEY VEETIL

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SADASIVAN THEKKEY VEETIL (Querist)
08 February 2023 Thanks a lot for such a prompt reply.



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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
08 February 2023 You are welcome.

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