30 December 2013
You can avail exemption U/S 54F and 54EC...
Investment of whole or any Part of Capital Gain in ‘specified assets’ as stipulated in the section. Investment should be made within 6 months from the date of transfer. Bond of NHAI or REC...
54F... Purchase of Residential House within 2 years after or 1 year prior to date of transfer; or construction of residential house within 3 years from date of transfer..
Note: Must not own more than 1 residential house other than the new asset on the date of transfer of original asset..
Querist :
Anonymous
Querist :
Anonymous
(Querist)
02 January 2014
Dear Aryan,
My client has no liquidity for investment, i am thinking about some other tax planning so that tax can be saved.