CAPITAL GAIN TAX

Querist : Anonymous (Querist) 27 March 2010 This query is : Resolved
Is there any provision of set-off for CAPTIAL GAIN (Sell of Residential Propperty), against property booked 4 years back but possession got recently ?

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Vineet (Expert) 27 March 2010
no. However, you can take a chance if the purchase agreement has been executed within one year prior or two year after the sale of relevant sold property.

adv. rajeev ( rajoo ) (Expert) 02 April 2010
I do agree with vineet

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