Investment of long term capital gain
This query is : Resolved
28 October 2020
sir I have completed 3 years in June 20 from the date of sale of land and could not purchase any property. is there any option for not paying tax at the rate of 20 percent.
can i buy ready build old flat now, is there any extension in time to buy a flat.
I am senior citizen having professional income I want to know if advance tax applicable to me on this long term capital gain
A K GUPTA
can i buy ready build old flat now, is there any extension in time to buy a flat.
I am senior citizen having professional income I want to know if advance tax applicable to me on this long term capital gain
A K GUPTA
CA R SEETHARAMAN
(Expert)
29 October 2020
Time limit of purchase is two years. No option but to pay 20% tax.
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