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Long term capital gain querry

Tax queries 1552 views 16 replies
Originally posted by : anu

Long term capital gain amount should be invested ( net consideration- Indexed Cost of acquisition) - The maximum permissable deduction u/s 54 EC is Rs.50 lakh  in NHAI or Rural  Electrification Bonds. Investment to be made within 6 months.

If we have the option to invest in NHAI bonds sec 54EC and residential house prpperty Sec 54F

Sec 54 EC full exemption is available in case of NHAI bons sec 54EC to be invested with in 6 months

Sec 54F provides proportionate exemption will be calculated as Long term capital gain / Net Sale Consideration * amount invested in residential house property. Amount needed to be invested before 1 year till due date of ITR

In this question we need to suggest whether to invest in NHAI bonds or Residential house property

Ans. LTCG income,,,, LTCG amount needs to be invested in to claim full exemption u/s 54 EC and full NSC amount needed to be invested in Residential house property so Exemption of sec 54EC should be availed

 

 


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