rohit (student) (54 Points)
16 May 2013
sir if the asssesse sells his property and decides to invest in the bonds and he is not interested too purchase a property any time in future then will the capital gain be taxable and if then how much ??
thanks in advance !!
CA D.C. Bansal
(Accounts Head)
(283 Points)
Replied 16 May 2013
If the capital gain is invested in NHAI or RECL Bond, then it will be exempt from capital gain. For detail refer Sec 54EC of Income Tax Act.
CA. Kuldeep Singhi
(Entrepreneur)
(424 Points)
Replied 16 May 2013
CAclubindia
