Capital Gain re-investment period (plot and construction)
813 total views
Hi,
I have invested my property sale amount in Capital Gain Account in Dec 2019.
Now, I am planning to purchase a plot and start new house construction using this amount.
I will be buying the plot from one owner and construct new house from a house building contractor.
Could you please let me know the last date of re-investment considering the house completion will take an year.
the taxtalk Changed status to publish
Write your answer.