Hi,
Want to know,
1. Can a person buy two properties in two different states from his Long Term Capital gains, and what is the time period.
2. Can he keep that amount in Capital Gains Scheme untill he buys a property??
thanks.
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Long Term Capital gains
Replies (3)
GLOBAL INCOME OF ASSESSE IS TAXABLE. YOU CAN INVEST ANYWHERE. NO PROBLEM GO AHEAD.
YOU CAN KEEP THE AMT IN CAPITAL GAINS SCHEME A/C.
yes he can buy 2 houses in 2 states..no problem.....but time limit is limited...as per section 54-54F
I thnk
Yes you can buy
but as per section 54 -54F if u r getting benefited under tht section you cnt buy within tht said period the other property
due to tht your exemption will be withdraw.
bt wait till experts reply
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