Capital gain exemption option

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 February 2014 What amount to invest in bond us 54 EC to get the exemption for paying tax on capital gain & time period. Is this option still available if still having more than one property.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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04 March 2014 1. The CAPITAL GAIN has to be invested.
2. The capital gain has to be invested in specified bonds.
3. The capital gain should be invested within 6 months of the date of transfer.
4. The maximum amount that can be invested in a financial year is Rs. 50 lakhs.