Long Term Capital Gains Tax - Reinvesting in a Property

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Long Term Capital Gains Tax - Reinvesting in a Property
Query (Issue) Started By: - Srinivasan Krishnan Dated:- 22-7-2016 Income Tax
Income Tax
Dear Forum Members I had sold a plot in Febru .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ary 2014, and I am re-investing the proceeds (capital gains portion - LTCG) in a vacant plot and constructing a building / dwelling unit on the plot within the 3-year timeframe as per Sec 54A capital .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... gains act I am buying 2 plots that are 2280 square feet each (a total of 4560 square feet) as part of the capital gains re-investment. The query I have is * Should I register both plots in 1 single .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... sale deed, or * Can I register both plots in 2 separate sale deeds? Will this have an impact on my capital gains re-investment with the Income Tax department? Suggestions from experts on this for .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... um will be very much appreciated Regards P S Krishnan
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X