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
CA R SEETHARAMAN
(Expert)
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
CA R SEETHARAMAN
(Expert)
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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