Long term capital gain on residential plot
This query is : Resolved
29 June 2020
Hello Sir,
I sold my residential plot in F.Y.2019-2020. It was open land and no construction was done by me.
It was held by me more than 03 years.
To save long term capital gain can I invest whole sale amount in new house property flat and bond ?
Can I invest in both ? i.e.New house property flat and bond both?
Or can I invest in only 01 item.
Can I invest in both items at a same time ?
I sold my residential plot in F.Y.2019-2020. It was open land and no construction was done by me.
It was held by me more than 03 years.
To save long term capital gain can I invest whole sale amount in new house property flat and bond ?
Can I invest in both ? i.e.New house property flat and bond both?
Or can I invest in only 01 item.
Can I invest in both items at a same time ?
29 June 2020
To save long term capital gain you can invest whole sale amount in new house property flat and bond both.
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29 June 2020
You Can I invest in both items at the same time
Message likes :
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29 June 2020
Thank you very much Sir for your valuable guidance.
29 June 2020
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