11 June 2008
Whether sale of land is cosidering for preparing individual total income statement for the financial year 2007-08
Sale of land during fy 2007-08 old value - 2.5L current - 10 L
Its long term capital gain.Should this sale value can invest in reconstruction of house? there is any tax exemption? kindly pls give any advice to the above problems.
CAclubindia
