Capital Gain Exemption for Purchase of Same House

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  1. aroraashish4u

    aroraashish4u New Member

    Dear Team

    I have purchased a house in 1981 of Rs 100000/- and sold the same in Jun 2016 of Rs 2500000/-. Can we use the capital gain amount to purcahse a new house with same addresss but two floor from different party.

    Please advise.
  2. Karan Batra

    Karan Batra Well-Known Member

    Yes, Capital Gains Exemption would be allowed in the above mentioned case
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