Hi Buddy,
Any profit from the sale of a property within three years after the purchase is considered a short-term capital gain. For this reason, it is recommended to keep a property for at least three years. If you sell your investment after three years, the profit is considered long-term capital gains and is subject to an index-based tax of 20 percent. As for your question, I read that you should buy a second property either a year prior to the sale of said property or your new residential house property must be constructed within 3 years of sale of the said property.
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I want to know that after selling my property, how many months can I wait to buy new property without depositing in capital gain account
Mane v s
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2022-07-07T12:54:02+00:00 2022-07-07T12:54:03+00:00Comment
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