About capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 October 2011 By the sale of ancestrial property long term capital gain is about 65 lakhs.
Please advice:

1.
I want to invest upto Rs 30 lakhs only in the purchase of flat/house/ or plot for construction.

2.
Can i invest the balance amount of its 35 lacs approx in infrastructure bonds. If yes, then please advice which infrastructure bonds will be more beneficial and also there rate of intrest.

Regards

Ravikant

Ravikant (Expert)
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31 October 2011 both options allowed

invest in bonds of NHAI or REC

http://recindia.nic.in/download/Issue_Highlights_54EC_2011_12.pdf

http://www.nhai.org/bonds1.html