Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 July 2014
Dear Experts,
Please guide me on the following Issue,
one of client sold his Residential Flat and Now He is Getting LTCG taxable at 20%,and he do not want to invest in another property because of urgency of funds, we advised him to invest his capital gain in 54EC bonds and then hold these bonds till 3 yrs and sell them after 3 yrs, so my query is wheather he can do so and the consideration he will receive after surrendering those bonds is taxable or tax free?? and any other way of saving his captial Gain?? Please guide.
Please guide me on the following Issue,
one of client sold his Residential Flat and Now He is Getting LTCG taxable at 20%,and he do not want to invest in another property because of urgency of funds, we advised him to invest his capital gain in 54EC bonds and then hold these bonds till 3 yrs and sell them after 3 yrs, so my query is wheather he can do so and the consideration he will receive after surrendering those bonds is taxable or tax free?? and any other way of saving his captial Gain?? Please guide.
Vishnu Saboo
(Expert)
30 July 2014
i think your advice is perfect.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- GST on reimbursement of expenses
- Visiting card purchase
- Number of years as per AS amortisation of Goodwill
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Additional trade name
- Wrong CMPo8 file
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
