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Long Term capital gain1
How many times we can avail LTCG benefits.
Replies (8)
ELABORATE YOUR QUERY.
AS SUCH NO RESTRICTION TO CLAIM ANY SUCH BENEFIT, PROVIDED THE PARTICULAR SECTION RESTRICTS IT.
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
YES, WITHOUT ANY DOUBT, PROVIDED BOTH THE PROPERTIES SOLD WERE HOUSE PROPERTIES AND NOT LAND/PLOT.... OR ANY OTHER ASSET...
YES IT IS PLOT NOT THE CONSTRUCTED PROPERTY BUT WANT TO BUY A CONSTRUCTED PROPERTY
WHAT WAS THE PROPERTY SOLD 2 YEARS BACK? WAS THAT TOO PLOT?
Yes previously also sold land and bought apartment
HOW MANY RESIDENTIAL PROPERTIES YOU HAVE AT PRESENT?
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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