In case I have sold residential house I can still invest the taxable capital gains for purchase of bonds u/s 54 ec within a period of 6 months of the date of transfer and avoid capital gains tax
Pl clarify
mona (Direct Tax) (136 Points)
24 March 2019In case I have sold residential house I can still invest the taxable capital gains for purchase of bonds u/s 54 ec within a period of 6 months of the date of transfer and avoid capital gains tax
Pl clarify
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 24 March 2019
Yes you are right. Long term capital gain exempt if you invest in new house or purchase bond specified under section 54EC, or you may also deposit under capital gain deposit account scheme. may call me - CA umesh kumar- 9717597230
mona
(Direct Tax)
(136 Points)
Replied 24 March 2019
thanks umesh. wat in case if bonds are not available within a period of 6 months form that date of sale of residential house
Sahil Jain (FAFD, DISA, CA)
(Practicing Chartered Accountant )
(2476 Points)
Replied 24 March 2019
Sahil Jain (FAFD, DISA, CA)
(Practicing Chartered Accountant )
(2476 Points)
Replied 24 March 2019
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