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Capital gains
LTCG RS. 1.70 CRORES NEW HOUSE PURCHASED FOR 1.00 CRORE BALANCE INVESTED IN SPECIFIED BOND, IF THE NEW HOUSE IS SOLD BEFORE 3 YEARS WHAT IS THE TAX IMPLICATIONNTHANKS IN ADVANCE
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" IF THE NEW HOUSE IS SOLD BEFORE 3 YEARS WHAT IS THE TAX IMPLICATION"
Capital Gains Tax liability that was exempted u/s 54 over the investment in new house gets chargeable in the PY when the new house is sold.
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