Long term capital gain tax
This query is : Resolved
28 January 2013
Can I take out the principle amount which I used to purchase the house that i am selling now after holding for 3 years or principle amount also needs to be deposited in capital gain account/utilised for purchasing the new house for getting exemption from Long Term Capital Gain Tax?
28 January 2013
if you are availing exemption u/s 54F then you have to deposit whole amount of sale consideration,
if you availing exemption u/s 54 then you have to deposit only capital gain to get full exemption
if you availing exemption u/s 54 then you have to deposit only capital gain to get full exemption
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