27 November 2015
Hello frnds, I sold a property and have capital gain of rs 400000 and I want to use this 400000 for running my bussiness and I don't want to invest it in acquiring another Land for saving capital gain tax Please suggest me tax planning regarding the same.
27 November 2015
No option to pay 20% tax and put the amount in business. You can earn the tax paid in business within a short period. Alternatively you can put the amount in capital gain bonds for 3 years u/s 54EC.
CAclubindia
