Rani (None) (277 Points)
18 May 2023Hello,
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
sabyasachi mukherjee
(27574 Points)
Replied 18 May 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177891 Points)
Replied 18 May 2023
1. No problem if invested more than LTCG.
2. Generally, the bonds are not available during April-June month for issue of next series.
CAclubindia
