Capital gain tax on purchase of new property
This query is : Resolved
20 July 2022
Sold a Flat on 25th Jan 2022 for Rs. 36 Lakh . But on 12th December 2021 Purchased a new flat . so can i show my capital gain investment to a new flat ?
20 July 2022
Yes, you can get exemption u/s. 54 of IT act, for the purchase of flat which is within 12 months before sale of another flat, which is the condition stipulated in the act.
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