Capital gain query... very urgent!!

IPCC 1272 views 15 replies

mr a have purchased a house in 2005 for rs. 1575000 and sold it in f.y. 2011-12 for rs 4672000 and now invested ithis amount in a new house as a repayment of loan for that house in which he is not supposed to occupied yet is there any exemption for this capital gain.....

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mr a have purchased a house in 2005 for rs. 1575000 and sold it in f.y. 2011-12 for rs 4672000 and now invested ithis amount in a new house as a repayment of loan for that house in which he is not supposed to occupied yet is there any exemption for this capital gain.....


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