You just need to deposit 12 lakhs in CGAS to save money on taxes, but you must buy or build a new home within two years of your investment if you want to avoid paying taxes on the additional 12 lakhs. Either one year before the property sale or two years following the transaction, certain investments must be made.
Your Feedback Matters! How was this Answer?
Thanks ,We got your reaction
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Authors Of The Question
While depositing the Capital gains amount in CGA, is it required to deposit entire amount in CGA or the amount equal to (present sold value - indexation value) only can be deposited?
Rammohan Choudary
49 Views
1 Answers
1 Year
2023-05-22T09:09:59+00:00 2023-05-22T10:15:46+00:00Comment
Share