Capital Gain Query : Amt to be Invested?

Share
Share This Thread
  1. G.M

    G.M New Member

    To get exemption from capital gain tax,should we invest the entire amout obtained from sale of a property or only the Gain,to buy a second residential property!
     
  2. Parul_Gupta

    Parul_Gupta Active Member

    The amount to be reinvested depends on the property that has been sold by you.

    In case you have sold a Residential Property - you only need to invest the Capital Gains and can claim exemption under Section 54

    However, in case the property sold is a Non-Residential Property - you would be required to reinvest the total proceeds and can claim exemption under Section 54F
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Capital gains Other Taxes Oct 31, 2017
Saving Capital gain tax Other Taxes Sep 29, 2017
Capital Gains account - no plan to purchase property Other Taxes Sep 28, 2017
Capital Gains Tax on sale of plot/house property Other Taxes Sep 23, 2017
long term capital gain tax Other Taxes Sep 5, 2017