Cpaital gain tax

Ishu (Querist) 05 August 2013 This query is : Resolved
Hello everyone.

I have purchased a residential property by selling a another residential property to avoid capital gain tax. And i have invested all the money capital+ capital gain on the new residential property.
My parents have gifted me some money. Now my question is can i buy another residential property from the gifted money?

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ajay sethi (Expert) 05 August 2013
yes you can . howver better wait for some time . property prices are due for correction .

Raj Kumar Makkad (Expert) 05 August 2013
There is no legal hurdle to go ahead as desired.

Ishu (Querist) 05 August 2013

residential property is of any kind flat, house, or plot.

Ishu (Querist) 05 August 2013
thanks for the valuable info.

Rajendra K Goyal (Expert) 05 August 2013
Well advised by the experts, nothing more to add.

Raj Kumar Makkad (Expert) 06 August 2013
Most welcome from your sid.

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