Income from House Property

Here the capital Gain arising is 20 lakhs ,hence the capital gain is to be re-invested to get exemption in IT.
 

Yes as rightly said by Mr.Nukul, its the CG which has to be re-invested

yes 20 lakhs need to be invested...so u can get exemption from ltcg u/s 54 or 54 EC.....

you needed to invest 42 lakhs in case the capital gain was on transfer of a long term capital asset other than residential property....

yes as rightly said by mr. nukul LTCG is required to be invested to get the exemption.

we assumed that it is long term capital gain.

the capital gain here is 20 lakhs..this amount is required to be invested to get exemption from CG u/s 54 or 54EC

Dear Ashwin,

yes i agree with all, that their is a capital gain ( long term)  so as per Gapital gain Act , if any  assets sold after 3 years it will be consider as long term capital gain & Indexation will be their , bu if you invest within  6  months  after Selling of  property  , i hope that the period  you had shown will cross three years 

i hope ,may be i correct

narayan soni

Here the capital Gain arising is 20 lakhs ,hence the capital gain is to be re-invested to get exemption in IT.
 

the capital Gain arising is 20 lakhs ,hence the capital gain is to be re-invested to get exemption in IT.