Saving tax on LTCG
This query is : Resolved
12 September 2008
Assessee sold commercial plot of Rs 2 Cr thereby having a LTCG of Rs 1.5 Cr. What are the remedies to save the tax on this LTCG.
Can the asssessee invest in any other property? Do he have to invest the only LTCG or the entire sale proceeds.
Can he invest under any capital gains scheme.
Can the asssessee invest in any other property? Do he have to invest the only LTCG or the entire sale proceeds.
Can he invest under any capital gains scheme.
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