Capital gain

This query is : Open

amar preet singh (Querist)
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14 June 2017 Sir i have property in my name and i am living in this house , i have another land for rs 400000/- if i sell this land after 3 years then the capital gain arises from this activity is eligible for Capital Gain Bond 54 EC for saving tax or not ? . i dont want to purchase another house because i have my own house

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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14 June 2017 Yes you are eligible. If any property transfer & long term capital gain arises on it, you can claim ded under 54EC by investing in prescribed bonds upto Rs 50,00,000.