02 July 2018
Sir, When residential property is sold, i got the capital gain of Rs. 2,00,000, out of sale proceeds of RS. 15,00,000. In order to get the benefit of capital gain tax, i have to invest the same in another residential property. Now the question is whether do i have to invest only of Rs. 2,00,000 or entire sales proceeds of Rs. 15,00,000 in to another residential house property. kindly advice.
CAclubindia
