CAPITAL GAIN

This query is : Resolved

ANUSHREE BAFNA (Querist)
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30 November 2009 ASSESSE SOLD A RESIDENTIAL HOUSE PROPERTY ...NOW HE WANT TO INVEST IN ANOTHER RESIDENT HOUSE PROPERTY.....HE WANNA KNOW THAT IF HE INVEST HIS MONE IN THE SCHEME OF ALLOTMENT AND CONSTRUCTION OF FLAT / HOUSE BY THE CO-OPERATIVE SOCIETY THAN WHAT WILL BE THE LOCK IN PERIOD???

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Anushree

CA Chandra Kishore Bajpai

CA Chandra Kishore Bajpai (Expert)
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30 November 2009 There is no lock in period except if assessee sales the property within three years from the date of acquisition it shall be chargeable.

CMA Arif Farooqui

CMA Arif Farooqui (Expert)
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30 November 2009 agree

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CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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30 November 2009 agree

ANUSHREE BAFNA

ANUSHREE BAFNA (Querist)
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04 December 2009 ASSESSE SOLD A RESIDENTIAL HOUSE PROPERTY ...NOW HE WANT TO INVEST IN ANOTHER RESIDENT HOUSE PROPERTY.....HE WANNA KNOW THAT IF HE INVEST HIS MONE IN THE SCHEME OF ALLOTMENT AND CONSTRUCTION OF FLAT / HOUSE BY THE CO-OPERATIVE SOCIETY THAN LOCK IN PERIOD WILL BE 2 OR 3 YEARS???

PLZ REPLY SOON!!