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Captial gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 January 2014 I have to plan purchase of property of Rs.5,00,00/- But 3years back I purchased 1 site Rs.3,00,000/- and I sell amount of Rs.4,00,000/-. This amount I invest new property. Now my question is it is applicable for capital gain? pl clarify
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@VaibhavJ

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@VaibhavJ (Expert)
25 January 2014 Yes, it is taxable capital gain.

Thx
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AVTAR SINGH

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AVTAR SINGH (Expert)
25 January 2014 Yes. If you invest gain from old property in purchase of New residential property, you can claim exemption u/s 154F.
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