Long Term capital gain1
PAVITRA GUPTA (31 Points)
14 December 2021
How many times we can avail LTCG benefits.
8 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(184781 Points)
Replied 14 December 2021
ELABORATE YOUR QUERY.
AS SUCH NO RESTRICTION TO CLAIM ANY SUCH BENEFIT, PROVIDED THE PARTICULAR SECTION RESTRICTS IT.
PAVITRA GUPTA
(31 Points)
Replied 14 December 2021
Let say I sold a property 2 years back and I claimed the LTCG beenfit that year. So if I sell another property and buy a house today still I can get benefit in LTCG
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(184781 Points)
Replied 14 December 2021
YES, WITHOUT ANY DOUBT, PROVIDED BOTH THE PROPERTIES SOLD WERE HOUSE PROPERTIES AND NOT LAND/PLOT.... OR ANY OTHER ASSET...
PAVITRA GUPTA
(31 Points)
Replied 14 December 2021
YES IT IS PLOT NOT THE CONSTRUCTED PROPERTY BUT WANT TO BUY A CONSTRUCTED PROPERTY
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(184781 Points)
Replied 14 December 2021
WHAT WAS THE PROPERTY SOLD 2 YEARS BACK? WAS THAT TOO PLOT?
PAVITRA GUPTA
(31 Points)
Replied 14 December 2021
Yes previously also sold land and bought apartment
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(184781 Points)
Replied 14 December 2021
HOW MANY RESIDENTIAL PROPERTIES YOU HAVE AT PRESENT?
sabyasachi mukherjee
(27713 Points)
Replied 14 December 2021
Ltcg benefit can be availed one time. It means you hv to invest in capital gain infrastructure bonds or any other house property.
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