Hello,
Can we invest long term capital gains in an under construction property to be completed in 6 months to 12 months ? Or can it only be invested in a property with OC to claim tax benefits ?
Regards
Garima
3 Replies
sabyasachi mukherjee
(27579 Points)
Replied 30 June 2022
Yes you will get benefit of exemption for capital gains .
garima
(Homemaker)
(67 Points)
Replied 30 June 2022
Thanks, you mean tax benefit can be availed by investing the proceeds in an under construction property which is to be ready in less than 12 months ?
Mahesh Shah
(2308 Points)
Replied 30 June 2022
I personally belive taxation has nothing to do with OC.....if OC is recived then developer will not charge GST.....else GST will be charged....rest as far as I know....no relation between OC and long term / short term gains....that is what I belive
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