Cap Gains Exemption for Investment in 2 Flats

Share
Share This Thread
  1. G.R.Rajagopalan

    G.R.Rajagopalan New Member

    A long Term Capital gains of Rs.5 crores has accrued to me.I don't own any housing flat or bunglow as of now.Can I purchase 2 nos flats, each costing Rs.2.5 crores within 2 years of accrual of long term capital gains & save in full Capital Gains Tax? G.R.Rajagopalan
     
  2. Karan Batra

    Karan Batra Well-Known Member

    Budget 2014 inserted an amendment in Section 54 and Section 54F stating that exemption wont be allowed for reinvestment in 2 flats
     
  3. G.R.Rajagopalan

    G.R.Rajagopalan New Member

    Thanks a lot,Mr.Batra.Regards,G.R.Rajagopalan
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
AGRI LAND SALE – CAPITAL GAINS EXEMPTION Income Tax Jul 12, 2018
Exemption from capital gains tax. Income Tax Jun 24, 2017
Capital gains exemption Income Tax Mar 29, 2017
Exemption of Interest Payment u/s 234 towards Capital Gains Income Tax Mar 14, 2017
capital gains exemption query - both house and bonds Income Tax Mar 8, 2017