Please Help: capital gain
Posted Date : 19-Aug-2012 , 04:54:42 pm | Posted By CASANSAAR
if a person sell his land in October,2012 & invest the sale consideration in a residential house property in december,2012. is he required to open a capital gain account?
Category : Income Tax | Answers : 2 | Comments : 0 | Hits : 149
Answers
Answer By: Rambabu Senkarasetti
No need, if he invests the C.gain in purchase of another house property.
Answer By: Rambabu Senkarasetti
No need, if he invests the C.gain in purchase of another house property with in 2 years.
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