10 March 2015
Dear Sir, My clinet have parental property which was purchased in 1988 @2000. Now he is selling said property in march 2015. I want to know that 1. Capital Gain Calculation 2. Time period to Open capital gain a/c and its locking period. 3. how can he use sold property amount for tax saving i.e. purchase new property, invest by other way. Pl guide me. thanks
CAclubindia
