LONG TERM CAPITAL GAIN

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 April 2011 I purched house in 2001 and sold on 15 may 2010, The capital gain was 8.5 lacks.If i purchase house within 2-3 month is it my capital gain get adjusted for ready house not in construction.What is the proper rule for LTCG.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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27 April 2011 You should invest before 31.07.2011. If not able to purchase then deposit in capital gains account with any schedule bank and withdraw whenever u need to buy the house.