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
19 April 2019
you need to deposit 37.28 lakh, in order to avail full exemption.
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