P.S.VISHWANATHAN (COMMERCIAL MANAGER) (136 Points)
06 June 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185387 Points)
Replied 06 June 2017
" IF THE NEW HOUSE IS SOLD BEFORE 3 YEARS WHAT IS THE TAX IMPLICATION"
Capital Gains Tax liability that was exempted u/s 54 over the investment in new house gets chargeable in the PY when the new house is sold.
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