Sir/ Madam,
My query is that the Capital Gain from sale of residential property can be invested in Capital Gains Bonds to save on Capital Gains tax?
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Capital Gain Bonds
Replies (4)
Yes such gains shall be invested in bonds
yes NHAI or REC
yeah!!!!! 54EC,
the bonds of NHAI and RECL should be bought within 6 months from the date of transfer of any long term capital asset!
the amount of exemption shall be capital gain or amount invested in specified in bonds,whichever is lower
the bonds of NHAI and RECL should be bought within 6 months from the date of transfer of any long term capital asset!
the amount of exemption shall be capital gain or amount invested in specified in bonds,whichever is lower
yes agreed with above and such bond will be in lock in period of 5 years as per new amendment.
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