• Capital gain tax

I have 3 residential plots which I had purchased in 1991,1994,1999
I want to sell 2 plots and the entire amount received shall be invested for construction of house on 3rd plot
Would I be required to pay capital gains tax, if there is substantial increase in value of 2 plots above the cost of acquisition
Asked 10 years ago in Taxation

Ask a Lawyer

Get legal answers from lawyers in 1 hour. It's quick, easy, and anonymous!
  Ask a lawyer