POSTED BY July 29, 2012 3:51 pm COMMENTS (2)ON
I’ve recently disposed off 2 residential properties(after Mar 2012). So, ltcg would be applicable in FY 2012-13.
Can I claim ltcg exemption on both the properties. I bought both the properties 4 years back.
Can someone enlighten me with the options available?
Do I’ve to buy 2 new properties to offset ltcg gain or can I claim exemption by investing in only one property?
If there is some ltcg amount left after investing in property, can I invest the same in NHAI bonds for exemption?
Also, by when do I need to buy the property? If I’m not able to decide on the property by Mar 2013, do I need to show the same in ITR?
Please provide your inputs. Thanks.