Hello,
Can we invest long term capital gains in an under construction property to be completed in 6 months to 12 months ? Or can it only be invested in a property with OC to claim tax benefits ?
Regards
Garima
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Investment on Long Term Capital Gain
Replies (3)
Yes you will get benefit of exemption for capital gains .
Thanks, you mean tax benefit can be availed by investing the proceeds in an under construction property which is to be ready in less than 12 months ?
I personally belive taxation has nothing to do with OC.....if OC is recived then developer will not charge GST.....else GST will be charged....rest as far as I know....no relation between OC and long term / short term gains....that is what I belive
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