Long Term Capital gains

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.

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

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details