House property and Capital gain

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48 Points Joined July 2017
If a person has own house for residential purpose,he wants to build new house instead of old house. and he doesn't have money to build their new house So,he sold his another land to contruct that house for 30 lakh.So, what exemption or benefit he will get???and is he liable to capital gain??How much amount taxable?
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On 30 March 2018 at 20:15 Report
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11857 Points Joined May 2015
No capital gain... Plz refer section 54(1)...if u invest all ur capital gain either in buying another house within 2 years or in case of constructing another house within 3 yrs from sale of old house
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On 30 March 2018 at 20:35
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48 Points Joined July 2017
so is it taxable or not??
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On 30 March 2018 at 21:36
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48 Points Joined July 2017
could u ellaborate the provision?
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On 30 March 2018 at 21:38
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48 Points Joined July 2017
could you elaborate?
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On 30 March 2018 at 21:46
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48 Points Joined July 2017
Can you elaborate??
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On 30 March 2018 at 22:02
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48 Points Joined July 2017
could you elaborate this provision?
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On 31 March 2018 at 16:48


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