Poonawalla fincorp
Poonawalla fincorp

Saving tax on LTCG

This query is : Resolved 
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(Querist)
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.
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Taxguy

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Taxguy (Expert)
12 September 2008 REC adn NHAI. upto a certain limit.

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