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30 November 2011 I have sold a land whereby my capital gain comes to Rs.70,00,000/- where to invest in order to save capital gain tax.

08 December 2011 Why nobody is replying my query.Please help with complete details on it.

08 December 2011 I have sold a land whereby my LTCG comes to Rs.70 lakhs where to invest inorder to save ltcg tax.


08 December 2011 YOU CAN GET FOLLOWING EXEMPTIONS

1. SEC 54EC- EXEMPTION FROM LTCG INVESTMENT IN BONDS OF NHAI/RECL.(BONDS REDEEMED AFTER 3 YEARS)

CONDITION- BONDS MUST BE PURCHASED WITHIN 6 MONTHS AFTER THE DATE OF TRANSFER.

MAIXIMUM INVESTMENT CAN'Y EXCEED RS. 50 LAC.

2. SEC 54F- EXEMPTION FROM LTCG FOR INVESTMENT IN RESIDENTIAL HOUSE PROPERTY.

TIME PERIOD FOR AQUIRING NEW HOUSE PROPERTY- WITHIN 1 YEAR BEFORE THE TRANSFER, OR WITHIN 2 YEARS AFTER THE TRANSFER OR WITHIN 3 YEARS IN CASE CONSTRUCTED HOUSE PROPERTY AFTER TRANSFER.

AMT OF EXEMPTION=

AMOUNT INVESTED* AMT OF CAP GAIN
----------------
NET FULL VALUE OF CONSIDARATION

08 December 2011 Partly in residential flat and partly in 54EC is this ok.

08 December 2011 YA PAWAN FIRST I WILL SUGGEST YOU INVEST MAXIMUM AMOUNT IN RESIDENTIAL HOUSE PROPERTY..IF AFTER INVESTMENT, AMOUNT OF LTCG REMAINS THEN INVEST IN BONDS....BECAUSE INVESTMENT IN BONDS CAN NOT GIVE YOU GOOD RETURN IN FUTURE.



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