Reinvesting Capital gain on house property
This query is : Resolved
15 June 2022
Hey,
If I sell my 20 year old house property for 4 crores, in which
Acquisition cost [indexation] is 2 crores and capital gain is 2 crores.
Do I need to reinevest 4 crores or only 2 crores in another house property in order to exempt my capital gains from tax ?
If I sell my 20 year old house property for 4 crores, in which
Acquisition cost [indexation] is 2 crores and capital gain is 2 crores.
Do I need to reinevest 4 crores or only 2 crores in another house property in order to exempt my capital gains from tax ?
16 June 2022
You need to invest only 2 crore in another house.
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