I bought a part portion of a house for Rs.1.25 L in the year 1991 and sold the same for Rs. 9.25 L in 2012.
Am I under the provision of Capital Gains and if so how much ?
In the mean time where to keep the Money ?
(Presuming that I may not re-invest.)
Asked on 11/07/12, 5:49 am
1 Answer from Attorneys
Yes your capital gain would be taxable under the head long term capital gains,
In the mean time you may keep your money in the bank or invest it in some other property
Answered on 11/08/12, 12:46 am
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