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House propriety

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 August 2013 DEAR I HAVE MY OWN HOUSE IN AHMEDABAD NEARLY 25LACKS AND I WANT TO INVEST SOME AMOUNT IN ANOTER HOUSE IN NADIAD WHICH AMOUNT NEARLY 30 LACKS SO CAN I APPLICABLE TO PAY INCOME TAX ON THAT BUYING HOUSE.

I M RETIRE PRINCIPAL .. MY AGES IS 61 YEARS

PLS PROMPT REPLY IF POSSIBLE
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
06 August 2013 There is NO tax liability on PURCHASE of house.

Tax liability arises only on SALE of house.

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