02 October 2017 Yes exavtly that i want to know...how is it possible to invest whole amount in govt bonds ??
Can we buy one or more property from the amount??

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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02 October 2017 Yes you can buy more than one property also...

Gaurav Jain

Gaurav Jain (Querist)
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02 October 2017 Sorry we dont go for shares n mutual fund risk

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Gaurav Jain

Gaurav Jain (Querist)
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02 October 2017 and if seller already have two or

Gaurav Jain

Gaurav Jain (Querist)
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02 October 2017 and if seller already have two or more property or house in their name then is it eligible for invest in property??

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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02 October 2017 Then also he can purchase.

Gaurav Jain

Gaurav Jain (Querist)
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02 October 2017 please be specific about property ...means to plot, residential flat aur construction project

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CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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02 October 2017 You can purchase any one which you want to invest

Gaurav Jain

Gaurav Jain (Querist)
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02 October 2017 okk..thank you so much

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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02 October 2017 Welcome .......

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Mayur

Mayur (Expert)
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03 October 2017 @gaurav the criteria to check whether a particular agriculture land is Rural or not are as follows: 1. 2 kms from municipality/cantonment board having population of more than 10000 but less than 100000 2. 2 kms from municipality/cantonment board having population of more than 100000 but less than 100000

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Mayur

Mayur (Expert)
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03 October 2017 2. 6 kms from municipality/cantonment board having population of more than 10000 but less than 1000000. 3. 8 kms from municipality/cantonment board having population of more than 1000000

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Gaurav Jain

Gaurav Jain (Querist)
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03 October 2017 yes we sell our agricultural land which is more than 9 km from municipality having population moe than 1000000

Amol S Joglekar

Amol S Joglekar (Expert)
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03 October 2017 you can utilise the sale proceeds the way you wish, since there is no any question of capital gain.

Gaurav Jain

Gaurav Jain (Querist)
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03 October 2017 Sorry Anmol Sir, i posted it wrong...it is within the limit of 8 kms and not considered in rural area

Amol S Joglekar

Amol S Joglekar (Expert)
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03 October 2017 then you can opt for 54F

Gaurav Jain

Gaurav Jain (Querist)
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03 October 2017 ok thank you Sir, but it is limitation that maximum 50 lakhs can be used for Govt Bonds then how can we utilise remaining amount approx 1.5 crore

Amol S Joglekar

Amol S Joglekar (Expert)
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03 October 2017 that is 54EC; you are talking about.....
you can buy house subject to conditions as set out in section 54F

Amol S Joglekar

Amol S Joglekar (Expert)
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03 October 2017 also check if you can satisfy the conditions as set out in section 54B