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rahul (Analyst)     12 August 2013

House sale proceeds invested in ngo/business

hello all


i wanted to know whether i will be exempt from capital gains tax in below 2 scenarios:

1. if i sell my only home & start / invest / donate in a NGO with the proceeds of the sale?

2. if i sell my only home & stay on rent & start a business with the proceeds of the sale?


thanks in advance!!



Learning

 1 Replies

Ashwani Joshi (Advocate)     12 August 2013

No you will not be exempt from paying capital gains tax computed as per Income Tax provisions


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