21 November 2013
If I Would like to Sell the Property now, and then the money received from sell, I Put Fixed Deposit for the same, and Then within 2 year i am buying the Residence Property, after breaking up of the same FD....
22 November 2013
Yes it is possible provided the longterm capital gain arising from the sale of first resedential house property is completely invested in the purchase of new resedential(self occupied or let out) house property within 2 years from the date of transfer of first house property.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
22 November 2013
When I had Read the Provision of Sec. 54 it says that the sale proceeds received from the same, you have to invest the same money in Capital gain Benefite Scheme, and you cannot do the Simple FD.....i am understand the provision true or not???
CAclubindia
