Capital gains
This query is : Resolved
22 November 2015
Dear Friends
I have sold a plot from my HUF account for Rs 1.30 Cr in Sept 2015. In which way can I save capital gains which would be approx 15 lacs.
Can I purchase Commercial Shop or office
Can I invest 50 lacs in capital bonds this F.Y and 50 lacs in next FY to avoid the tax. Or any other method to save Capital Gains Tax
Pls advise
22 November 2015
You can invest in capital bonds 50 lacs in current year only. No capital gain exemption available for purchase of commercial shop or office.
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