Advice on ltcg tax on property sale
This query is : Resolved
19 April 2019
I have sold a property for a consideration value of 35 lacs which is lower then the Circle value price of 44.07 lacs.
but now when i calculate my LTCG it comes to 37.28 lacs (on calculating from the circle value and after taking indexation benefit).
as i am ready to deposit the entire amount of capital gain made into 54EC bonds, do i have to only deposit the actual consideration received or i have to add 2.28 lacs from my pocket and then deposit into 54Ec bonds?
please advice
but now when i calculate my LTCG it comes to 37.28 lacs (on calculating from the circle value and after taking indexation benefit).
as i am ready to deposit the entire amount of capital gain made into 54EC bonds, do i have to only deposit the actual consideration received or i have to add 2.28 lacs from my pocket and then deposit into 54Ec bonds?
please advice
Amol S Joglekar
(Expert)
19 April 2019
you need to deposit 37.28 lakh, in order to avail full exemption.
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