Income Tax on Capital Gains


This query is : Resolved 

30 January 2009 I have recently sold my old house in Kolkata. I already have another house in Gurgaon where I live now. I am building a self-contained flat with kitchen and bathroom on top of the roof of this house. Will this newly constructed flat qualify for reduction in my capital gains tax?

Tapas Majumdar

01 February 2009 no.

08 February 2009 Yes.
Absolutely.


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