Long term tax exemption
This query is : Resolved
16 August 2012
Dear all,
One of my friend sold a houseproperty around 1 crore and he invested 50 Lakhs in Bond and any more suggestion for getting more exemptions
Pls give
One of my friend sold a houseproperty around 1 crore and he invested 50 Lakhs in Bond and any more suggestion for getting more exemptions
Pls give
16 August 2012
first he needs to calculate the capital gains from the property
then the amount of capital gain should be invested in prescribed bonds or in another house property
exemption can be claimed only if it Long term asset
then the amount of capital gain should be invested in prescribed bonds or in another house property
exemption can be claimed only if it Long term asset
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