Investing property sale proceeds
This query is : Resolved
Kapil Khanna
(Querist)
26 July 2012
Assuming I purchase residential property within 3 yrs after sale -
Can I invest the money in Equity / Debt funds or similar instruments, before the 3 yr period expires?
Thanks,
Kapil
Can I invest the money in Equity / Debt funds or similar instruments, before the 3 yr period expires?
Thanks,
Kapil
Amol S Joglekar
(Expert)
26 July 2012
For purchase I think the period is 2 years and not 3 years. Anyway you can use the money elsewhere... no problem... SUBJECT to however the capital gain account scheme.
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