09 January 2021
I have sold my restaurant business along with the tenancy right for 2000000 in 2020. I have acquired the business in the year 1996 for 50000 . What are the tax implications, capital gain tax etc. Can I apply for 54ec capital gain bonds ?
13 January 2021
As I have received the amount jointly for business sale and transferring tenancy right,there is no division of money mentioned in the agreement. Can I invest the full amount in 54 ec capital gain bonds ? Please help me understand sir .
13 January 2021
You are the best judge decide the amount towards tenancy transfer and deposit in 54EC bonds for the balance pay capital gains tax. No body will question the amount.