Long term gain
This query is : Resolved
20 February 2016
Dear Sir
I have sold property for 1 Cr
It was purchased in 2002 @ 25 L.
I wish to buy a residential house but need to park funds in capital gain account till finalisation
Do I have to deposit entire sale amount or only the long term profit arising out of it. Kindly advise
20 February 2016
You have to deposit the entire net consideration.
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