Capital gain

preet (Querist) 21 June 2011 This query is : Resolved
If i sale a residencial house, then to avoid capital gain, is it necessary to invest in any residential house or can i also invest in commercial plot?
Also tell me in what time period i have to invest?

Thanks
preet

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Sankaranarayanan (Expert) 21 June 2011
normaly this one is measured according to the gaideline value and cost of index. if the amount is exceed the appropriate limitation then the tax should be paid or invest by the same.

soumitra basu (Expert) 29 June 2011
Within six month from the date of sale you shall have to invest in specified bond to save tax. investment in commercial plot is not permissible.

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