Capital Gain on Residential prop

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Accountant
591 Points Posted on 22 May 2023
If an individual purchase Reaidential property in FY 2022-23 and sell the old one in 2023-24. Is he eligible to save capital gain Tax or not . plz guide.
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On 22 May 2023 at 11:16 Report
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Quick Summary
This discussion explores capital gains tax implications when selling a residential property. It clarifies that individuals can be eligible to save on capital gains tax if they reinvest the proceeds into a new residential property or infrastructure capital bonds within specific timeframes. Eligibility is subject to meeting certain conditions, so understanding the rules is key.

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SEO Sai Gr. Hosp.
212460 Points Posted on 22 May 2023

Yes, provided the sell of the old one is within 12 months from the date of purchase of Residential property.

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On 22 May 2023 at 13:23
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Profession
28261 Points Posted on 22 May 2023
He can provided he utilzez it in the following ways:
1. a new residential property.
2. infrastructure capital bond
3
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On 22 May 2023 at 18:31
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4 Points Posted on 05 June 2023

Yes, he is eligible to save capital gain tax, but only if he meets certain conditions.  
the backrooms

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On 05 June 2023 at 12:59

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