LONG TERM CAPITAL GAIN
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 April 2011
I purched house in 2001 and sold on 15 may 2010, The capital gain was 8.5 lacks.If i purchase house within 2-3 month is it my capital gain get adjusted for ready house not in construction.What is the proper rule for LTCG.
Aditya Maheshwari
(Expert)
27 April 2011
You should invest before 31.07.2011. If not able to purchase then deposit in capital gains account with any schedule bank and withdraw whenever u need to buy the house.
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