Capital gains on building
This query is : Resolved
26 February 2014
I brought a house during PY 94 95 and during the PY 11 12 I demolished the house and built a new house. now if in the current fy I sold the house. is my gains longterm or short term? can I claim the cost of original acquisition now?
26 February 2014
It is long term asset and eligible for available benefits of long term capital gain.
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