sale of agricultureal land
This query is : Resolved
Balaji K S
(Querist)
29 March 2010
if Assessee father has agricultural land, which has been sold, and wheter the fund received can be used for assessees house loan?
M Prabhakar Menon
(Expert)
30 March 2010
Yes u can have proper back up papers for IT enquiries.
CA Ashok Kumar Sahu
(Expert)
30 March 2010
yes, no problem
CMA Arif Farooqui
(Expert)
02 April 2010
yes u can. but sure that u have to paid capital gain if any arises from that sale
CA Ravi Sisodia
(Expert)
02 April 2010
yes you can use money for purchase or constrect house property.
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