28 January 2013
Can I take out the principle amount which I used to purchase the house that i am selling now after holding for 3 years or principle amount also needs to be deposited in capital gain account/utilised for purchasing the new house for getting exemption from Long Term Capital Gain Tax?
28 January 2013
if you are availing exemption u/s 54F then you have to deposit whole amount of sale consideration, if you availing exemption u/s 54 then you have to deposit only capital gain to get full exemption
CAclubindia
