Please suggest investment alternatives better than capital gain accounts in a bank. Source of funds is sale of property accompanied by capital gain.
Awni Ranjan (Freelance Consultant) (77 Points)
11 November 2010Please suggest investment alternatives better than capital gain accounts in a bank. Source of funds is sale of property accompanied by capital gain.
vkbothra
(Learning )
(690 Points)
Replied 11 November 2010
Investing in Property is also a good opinion ;)
CA PARAS BAFNA
(Practising CA )
(33423 Points)
Replied 21 November 2010
Capital Gain Account in a Bank means parking of funds temporarily for the time being. I mean to say this is a way not the destination.
CA PARAS BAFNA
(Practising CA )
(33423 Points)
Replied 22 November 2010
Alternatives :
A- Purchase a Residential House - In case House Proerty Sold ; Investment upto Capital gains will do Pl Refer S54. If Any other property is sold like land etc.. entire consideration....Pl refer S 54F.
B- Purchase Bonds of NHAI or REC 54EC (max upto 50.00lacs
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
