House property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 March 2013
dear sir,
i sold a plot in which long term capital gain arising rs 450000, i am planning to purchase a new plot within 6 month of rs. 5 lac, can i take benefit of exemption of capital gain by purchasing plot or it is applicable only on residential property.
is plot comes under residential property?
i sold a plot in which long term capital gain arising rs 450000, i am planning to purchase a new plot within 6 month of rs. 5 lac, can i take benefit of exemption of capital gain by purchasing plot or it is applicable only on residential property.
is plot comes under residential property?
16 March 2013
Residential plot will come under exemption category; otherwise not.
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