Capital gains
This query is : Resolved
28 May 2014
Sir,Ma'am ,
A party has sold gold as well as Listed bonds which attracts LTCG of Rs.275000 and Rs.12000 respectively and the person has investment in NHAI bonds of Rs.350000 during the year.
So can we take the rebate of this bonds to settle the LTCG.
Please answer my query ASAP.
Thanking you.
A party has sold gold as well as Listed bonds which attracts LTCG of Rs.275000 and Rs.12000 respectively and the person has investment in NHAI bonds of Rs.350000 during the year.
So can we take the rebate of this bonds to settle the LTCG.
Please answer my query ASAP.
Thanking you.
29 May 2014
Under section 50EC of Income Tax Act, Capital gain on transfer of long term capital asset not to be charged on investment in certain bonds with in a period of 6 months from the date of such transfer.
if whole sale consideration is invested in Bonds of NHAI then whole capital gain will be exempt other wise proportionately.
maximum amount can be invested in Bonds are 50 Lakhs in a financial year.
if whole sale consideration is invested in Bonds of NHAI then whole capital gain will be exempt other wise proportionately.
maximum amount can be invested in Bonds are 50 Lakhs in a financial year.
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
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
