capital gain

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  1. ks ananthamurthy

    ks ananthamurthy New Member

    Dear Sir,

    under the capital gain, if one residential property is sold and purcahsed 3 residential properties, within the stipulated time. is the exemption is avialbale as a whole or the exemption is avialable to one property.

    Pl claify

    ksam
     
  2. Chandrashekar M

    Chandrashekar M Active Member

  3. Parttimeanalyst

    Parttimeanalyst New Member

    Sir.. a little clarification please..
    1. If this property under construction to which the capital gains would like to be applied, is in addition to one other residential property is this ok.
    2. For the flat under construction can the capital gains from sale of an asset - land - can be applied to each of the following
    a. Purchase of furnishings and for carpentry work
    b. To buy out a partner in the property
    c. Applied in proportion for that flat as to builder required infrastructure such as lift, generator, etc., anything that is required for the operation of the flat?

    Your response will be appreciated
     
  4. Chandrashekar M

    Chandrashekar M Active Member

    1, 2 (a), (b) & (c) - No
     
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