Long term capital gain
This query is : Resolved
10 March 2012
If Sale Value of Consideration (property)And this amount invested in Fixed Deposit in banks, shall we get exemption from long term capital gain tax
10 March 2012
Investment in fixed deposit is not eligible for claiming exemption from capital gain.
You have to invest the amount either in a residential house property or bonds.
You have to invest the amount either in a residential house property or bonds.
Dintakurthi Tirumala
(Expert)
10 March 2012
Agreed with the above expert.
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