exemption with regard to capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 June 2011
the capital gain arised on sale of houseproperty and such capital gain is reinvested in purchased of agricultural land within 6months period whether any exemption is available with respect to amount invested in purchase of agricultural land ( as per my knowledge i think any exemption is not available) can anyone confirm
thanku
thanku
CA PARAS BAFNA
(Expert)
11 June 2011
No exemption is available. You are thinking in a right direction.
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