Investment in property in lieu of sale of property
This query is : Resolved
20 March 2018
Hello All
I have. Sold property residential and earned capital gain of Rs,70 lac. I have invested in other residential property of rs.46 Lac. My point is can I invest the remaining amount of capital gain in the capital bonds or I have to invest in property the total gain.
Pl guide
Regards
I have. Sold property residential and earned capital gain of Rs,70 lac. I have invested in other residential property of rs.46 Lac. My point is can I invest the remaining amount of capital gain in the capital bonds or I have to invest in property the total gain.
Pl guide
Regards
20 March 2018
Yes you can invest the remaining amount in capital gains bonds.
20 March 2018
Sir
After 3 yr lock in period the amount which I get , is it be used by me in any manner. Is that amount be taxable in my hands..
Pl clarify
After 3 yr lock in period the amount which I get , is it be used by me in any manner. Is that amount be taxable in my hands..
Pl clarify
20 March 2018
Yes it can be used in any manner no tax payable. For 3 years lock in deposit before 31st March. From April 5 years lock in.
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