Long term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 October 2014
CAN LONG TERM CAPITAL GAIN OUT OF SALE OF PROPERTY BE INVESTED IN TWO DIFFERENT FLATS IN DIFFERENT LOCATION TO SAVE CAPITAL GAIN TAX.
13 October 2014
Yes
One can do multiple investments
Place doesn't matter
One can do multiple investments
Place doesn't matter
13 October 2014
Dear Vikas,
Kindly refer to amendments made to section 54 and 54F with effect from AY 2015-16.
Kindly refer to amendments made to section 54 and 54F with effect from AY 2015-16.
13 October 2014
dear querist,
after amendments to section 54 and 54F of the Income-tax Act, 1961, wef AY 2015-16, you cannot invest in multiple houses.
after amendments to section 54 and 54F of the Income-tax Act, 1961, wef AY 2015-16, you cannot invest in multiple houses.
13 October 2014
Thanks Nikhil Ji
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