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Save tax on sell property

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20 January 2012 hello
my client sell her shop 40lc. who is senior citizen. she want to perches new flat after 2 years. so she want to save tax on 40lc for 2 year. how can she save the tax? and how can she save and get interest on this amount.

20 January 2012 i m her advocate. i want to help her out

20 January 2012 Refer Income tax act (sec 54) She can deposit amount certain CG Account to avoid tax incidence.
not able to recall exaclty.


20 January 2012 thank u for replay mr dwivedi..but can u explan me wht is CG account and how it work ...

21 January 2012 sec 54F trf of Cap asst other than Residentil house, capital gain accct scheme 1988. you need to attach proof of deposit along with IT return.

23 January 2012 thank u sir.is there any other option. if yes pls suggest.



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