Long term capital gain exemption
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 April 2015
Mr. X bought a residential property in FY 2003-04 for Rs. 2 lac (Purchase Cost + Stamp duty).
The above property has been sold on 1st Dec 2014 for 20 lacs (Sale Price). What are the options available to Assessee to save on capital gain taxes along with the time limits.
The above property has been sold on 1st Dec 2014 for 20 lacs (Sale Price). What are the options available to Assessee to save on capital gain taxes along with the time limits.
CA Mohit Bansal
(Expert)
20 April 2015
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