L.T.Capital Gains


(Querist)
08 June 2007
I bought a house plot & registered it on 10-06-2003 and sold the plot. The full settlement is received on 15-06-2006 and registration is completed on 28-06-2006. I am taking it as a L.T. capital asset for Exemption purpose. Is it correct as per the I.T. Act. Pl. clarify

Thanks
R.Devadass


PR Choudahry (Expert)
09 June 2007
yes

PR Choudahry (Expert)
09 June 2007
yes

Sanjeev Mittal (Expert)
09 June 2007
right


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