Mr X purchased a flat in 1991 and sold it in 2019. Long term capital gain arised was invested in capital gain scheme of public sector bank in March 2021 as sale proceeds were received in October 2020.
Now Mr X is intended to purchase same flat using capital gain. Is that possible?
Also if Mr X is intended to sell same flat in 6 months how capital gain will be calculated?
AJAY SINGH AND CO LLP
Thane
CA Final
View Details
M N Rao & Associates LLP
Vijayawada
CA Inter
View Details
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Final
View Details
CCI
Pro
CAclubindia
