Legal Question in Real Estate Law in India

Hello sir\madam,

I am an 75 year old person. i sold the property in my name for an amount. Please let me know if i have to invest all the amount to buy an property again so that it is not taxable or is there an option wherein i can invest some amount in an apartment and keep the remaining amount as my old age fund for my medical and daily needs.


Asked on 2/11/14, 3:15 am

1 Answer from Attorneys
anuradha Dixit +9312411481 dixitlawfirm

you can do the latter being a sr citizen you will get a rebate it is best you consult a chartered accountant on the tax issue.

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Answered on 2/20/14, 8:03 am


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