CAN I SAVE LONG TERM CAPITAL GAIN

IN 2005-06 **I PURHCASED A LAND FOR 595800/- (Including StampDuty & Brokerage etc.). AND IN 2011-12 Rs. 409600/- ADDED AS IMPROVEMENT COST. NOW, I HAVE SOLD 2/3rd PART OF THIS PLOT FOR Rs. 20,44,500/- AND PAID 48000/- AS BROKERAGE. ALSO I AM CONSTRUCTING A NEW HOUSE ON A PLOT WHICH IS IN THE NAME OF MY WIFE. CAN I AVAIL CAPITAL GAIN FOR THE MONEY USED FOR CONSTRUCION OF THIS NEW HOUSE ON MY WIFE'S PLOT. AT PRESENT I AM RESIDING IN A HOUSE (WHICH IS IN MY OWN NAME) WITH MY FAMILY.

asked Sep 06 '12 at 11:21 by SURINDERGOEL 1

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(Sep 06 '12 at 11:36) Pankaj Batra

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Asked: Sep 06 '12 at 11:21

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Last updated: Sep 06 '12 at 23:06