27 May 2011
WE ARE PLANNING TO DISPOSE OFF THE FACTORY LAND AND BUILDING. SINCE THE LAND WAS BEEN PURCHASE IN 2006, IT IS CONSIDERED AS LONG TERM CAPITAL GAIN. SO IN THIS CASE IF WE INVEST THE GAIN AMOUNT INTO BONDS LIKE NABARD OR NHAI, CAN WE SAVE THE CAPITAL GAIN TAX ARISING FROM THE SALE OF FACTORY LAND?? IF YES THEN HOW MUCH MAXIMUM CAN BE INVESTED IN THOSE BONDS ?? AND WHAT ARE THE RETURNS IN IT?
CAclubindia
