Longterm capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 June 2014
I have 1 Res.House purchas in Jan.2012.Now in jun2014 I get 40 lac longterm Capital gain from saling a plot if I invest all amt to another Res.Property can I get examption in capital gain
23 June 2014
if the house purchased in 2012 is the only residential house you have, then you can claim deduction under 54F. however, you need to invest the whole of the capital consideration received and not only the capital gains.
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