https://www.taxtmi.com/forum/issue?id=109090 A retired individual sold a newly constructed inherited house three years after construction, received aggregate sale proceeds paid in two instalments, and consumed most proceeds without acquiring replacement property. The core question is whether any provision of the Income Tax Act permits saving or exemption of capital gains tax on that sale and what the potential tax computation would be, with the sole reply requesting clarification and offering no substantive guidance. en-us Sat, 29 Aug 2015 12:53:44 +0530 Thu, 23 Jan 2025 15:56:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109090 A retired individual sold a newly constructed inherited house three years after construction, received aggregate sale proceeds paid in two instalments, and consumed most proceeds without acquiring replacement property. The core question is whether any provision of the Income Tax Act permits saving or exemption of capital gains tax on that sale and what the potential tax computation would be, with the sole reply requesting clarification and offering no substantive guidance. Discussion-Forum Income Tax Sat, 29 Aug 2015 12:53:44 +0530 https://www.taxtmi.com/forum/issue?id=109090