Menu
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)
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.
the backrooms
Recent Threads
- Closing Stock111
- INVOCIE GENERATED FROM ONE COMPANY AND EWAY BILL G
- Ineligible itc under section 16(4) & itc restr
- Itc on when mixed sales percent in hospitality
- Apply for GST registration while working in MNC
- Deferment period for Advance Tax under Section 234
- Permanant transfer of duty free goods by Advance A
- 1% TDS Deduction on Property purchase through inst
- Tax on leave encashment on retirement
- Guidance Required on Notices Under Section 234B Af
Related Threads
CAclubindia
