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Capital Gain on Residential prop
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.
Replies (3)
Quick Summary
Yes, provided the sell of the old one is within 12 months from the date of purchase of Residential property.
He can provided he utilzez it in the following ways:
1. a new residential property.
2. infrastructure capital bond
3
1. a new residential property.
2. infrastructure capital bond
3
Yes, he is eligible to save capital gain tax, but only if he meets certain conditions.
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