Hello,
Inherited property sold. Trying to get FMV as on April 1, 2001. If the seller invests an amount greater than the capital gain will there be any issues? Need to invest before the 6 month period. Are these bonds available throughout the year?
Thanks
1. No problem if invested more than LTCG.
2. Generally, the bonds are not available during April-June month for issue of next series.
R P S K & Associates
Nashik
CA Inter
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SKAA & Associates
New Delhi
CA Inter
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