Capital gains

Querist : Anonymous (Querist) 19 August 2017 This query is : Resolved
I HAD SOLD MY HOUSE ON 08/06/2015. QUERY 1 CAN I INVEST IN MORE THAN ONE PROPERTY/LAND ,AS PLANNED FOR MY THREE BENEFICIARY OFFSPRINGS 2. CAN I INVEST IN RESIDENTIAL HOUSE AFTER 2YEARS. 3 CAN I BE ALLOWED TO INVEST IN THREE PLOTS AFTER TWO YEARS BUT BEFORE THREE YEARS 4. WHAT WILL BE CONSTRUCTION DATE IF PLOT IS PURCHASED BETWEEN 2-3 YEARS. PRESENTL ALL AMOUNT IS LYING IN CAPITAL GAINS ACCOUNT. I AM A SENIOR CITIZEN ANY BENEFIT 2 SENIOR CITIZEN

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Ms.Usha Kapoor (Expert) 19 August 2017
After 2 years you start constructing house on th e plot in order to save on Long term capital gains tax.If you appreciate this answer please click like button.

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R.K Nanda (Expert) 19 August 2017
no ...................................................................reply 2 AQ.

Querist : Anonymous (Querist) 19 August 2017
MY problem :I have yet 2 invest.Option left with me is entitlement 2 invest in land/plot.After purchase of plot. I have 2 construct a dwelling unit with .?in period upto 3 years from date of sale of residentialunit or upto 2years after purchase of present plot ? KINDLY CLEAR

Ms.Usha Kapoor (Expert) 19 August 2017
after purchase of plot before completion of 3 years you'll have to construct the house which should be completed within 3 years period from the date o purchase of land/plot.If you appreciate this answer please click like button.

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Rajendra K Goyal (Expert) 19 August 2017
No reply to query from an author who is anonymous.

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