09 December 2013
I had a Long Term Capital Gain for ~70Lac on Oct 15th. I would like to invest this into 54ec bonds. As per my research I can invest 50L before 31st march and the rest after 31st march (within 6 months of the gain). Do I need to pay Advance tax for the amount I plan to invest later on Dec 15th. How can I avoid/save this?
09 December 2013
If you have planned to invest the sum and are determined to implement & execute the plan accordingly, you need not to pay the advance tax on the capital gains eligible for exemption. .
CAclubindia
