Poonawalla fincorp
Poonawalla fincorp

Capital gain

This query is : Resolved 
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(Querist)
28 October 2014 I want to sell my property worth 8crore and which is 4 years old , how can I save the tax
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
28 October 2014 You can save tax by availing exemption u/s 54 or 54EC.

Section 54 - Invest the capital gain by purchase of a residential house property.

Section 54EC - Invest the net sale consideration by purchasing bonds of NHAI or Rural Electrification Corporation.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
28 October 2014 You can save tax by availing exemption u/s 54 or 54EC.

Section 54 - Invest the capital gain by purchase of a residential house property.

Section 54EC - Invest the net sale consideration by purchasing bonds of NHAI or Rural Electrification Corporation.
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