2006-12-09 04:23:27 · 6 answers · asked by Max 1 in Business & Finance ➔ Taxes ➔ India
Yes, if the gains of the house is a Long Term Capital Gain, then you can save tax by investing in another property. But if the gains are short term capital gains (Less than 3 years), then you cannot adjust the gains at all.
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2006-12-10 02:24:55 · answer #1 · answered by Anonymous · 0⤊ 0⤋
yes U/s 54 of income tax act u can save capital gain by investing in another property. u can invest before 2 years after sale of property.
2006-12-09 04:50:58 · answer #2 · answered by C.A Arpit Darokar 1 · 0⤊ 0⤋
U need to maintain a CG account. The profits from the sale of the old property ..if invested within 2 yrs for a residential house does not attarct tax...
2006-12-09 04:55:06 · answer #3 · answered by geo 3 · 0⤊ 0⤋
Yes
2006-12-09 05:47:09 · answer #4 · answered by ? 7 · 0⤊ 0⤋
you could purchase yet another resources or can purchase capital benefit bonds obtainable with brokers. you could ask for it in Bajaj Capital that is a broking service employer coping with each and each and every of the business products.
2016-11-30 08:52:13 · answer #5 · answered by ? 4 · 0⤊ 0⤋
No because sale of house has added to your income.
2006-12-09 04:27:47 · answer #6 · answered by Anonymous · 0⤊ 0⤋