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Long Term Capital Gains Tax

Tax queries 578 views 19 replies
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Team Lead
7558 Points Posted on 20 September 2019
No you can't. you need to invest in residential property only to claim exemption
30 Reply
On 20 September 2019 at 12:34
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18 Points Posted on 20 September 2019
So what is the definition of residential property in Income Tax ?
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On 20 September 2019 at 12:44
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Team Lead
7558 Points Posted on 20 September 2019
The definition is in the name itself, residential property, which is used for our daily living, also in each section,it is clearly stated as invest in residential property to claim exemption. income tax act does not defines any residential property
30 Reply
On 20 September 2019 at 13:01
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18 Points Posted on 20 September 2019
Ok thank u so much sir
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On 20 September 2019 at 14:24
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Team Lead
7558 Points Posted on 20 September 2019
You are most welcome
30 Reply
On 20 September 2019 at 14:39


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