House property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 March 2016 A person has two houses. he sold one, can he invest all proceeds for purchase of new house or investment in bonds to save tax.

Nikhil Kaushik (Expert)
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09 March 2016 yes he can....actually he just needs to reinvest capital gains in the new house to save tax.

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