capital gain

aryan malhotra (Querist) 12 December 2009 This query is : Resolved
Dear sir,
i have constantly purchased jewllery from 1979 till 2008. I had recently sold my residential flat to buy a new bigger flat and used the proceeds of my flat along with my long term investment in jewellery to pay the total amount. the proceeds of the sale of jewellery were used in paying the amount to the builder in the same year i.e may2009 (sold and purchased) for the purchase of ready to move in flat for my personal use only. will i be taxed for capital gain or get exemption under long term capital gain investments in property for self use of higher consideration.

kindly advice

aryan

Follow Query

Report Abuse