Is ltcg tax applicable if reinvested in a residential plot

Tax queries 160 views 1 replies

I bought a residential plot in 2012  for 12 lakh & want to sell it now for 30 lakh and plans to reinvest full gain amt to another residential plot worth 30 lakhs. Is capital gain tax applicable here and if so how much...

Replies (1)
capital gain tax applicable to you
Cost of new plot 30 lakhs minus indexed value old plot will be your LTCG


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