Capital gains tax

14 July 2021

How many times capital gains tax benefits we can avail. I mean capital gain how many times we can reinvest

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7 Replies

Balamurali Unnithan MS (STUDENT) (1631 Points)
Replied 14 July 2021

One Time -One Property, Capital Gain Accounting Scheme-With Certain Conditions.

Invest only in the succeeding A Y, When the sale is done.

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 14 July 2021

It should be in one time basis

PAVITRA GUPTA (31 Points)
Replied 14 July 2021

Hi, I am have 4 property have earned capital gains on all, so can I revest in one proprty

Balamurali Unnithan MS (STUDENT) (1631 Points)
Replied 14 July 2021

Yes, But -But deposit in separate CGAS -Schemes.

sabyasachi mukherjee (27713 Points)
Replied 15 July 2021

After transfer of capital asset which is termed as sale . The assesse has specific time period within which he can

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 22 July 2021

Yes you can invest the same in one property after depositing in CGAS

sabyasachi mukherjee (27713 Points)
Replied 22 July 2021

There are specific time period within which you can utilise the capital gains either in CGAS OR CAN PURCHASE OR RECONSTRUCT.

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