Long term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 March 2012
sir,
invested Rs. 20 lacs in house property self occupied in 2006 . Now selling at Rs. 2.25 cr . How to save capital gain tax. thanx
invested Rs. 20 lacs in house property self occupied in 2006 . Now selling at Rs. 2.25 cr . How to save capital gain tax. thanx
25 March 2012
To save the tax you should invest the capital gains in a residential house property before the due date of filing the return.
This property can be either purchased or constructed.
However, if you are unable to invest the amount before the due date, then you have to deposit the amount in a Capital Gain Scheme Account with a nationalised bank.
This property can be either purchased or constructed.
However, if you are unable to invest the amount before the due date, then you have to deposit the amount in a Capital Gain Scheme Account with a nationalised bank.
CA. Aryendra
(Expert)
25 March 2012
Agree with MR Siddhartha Ji
Mihir Doshi
(Expert)
26 March 2012
Agree with Mr. Siddharth
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