Capital gain
This query is : Resolved
05 December 2012
i m having pvt ltd company and i hv just sold the plot on its name , so i guess now its compulsory to invest in commercial property thereafter , but can i invest in government bonds or need to buy a commercial property....and for how long i need to hold the government bonds ... please can u give good feed back on this matter...thank you....
05 December 2012
You may invest LTCG in any of the specified bonds (issued on or after 01/04/2006) redeemable after 3 years,
This exemption is is available an individual, HUF, company or any other person who invests the long term capital gain, within 6 months of a the transfer of the capital asset, in any of the specified bond (issued on or after April 1, 2006) redeemable after 3 years:
National Highway Authority of India (NHAI), or
Rural Electrification Corporation Ltd. (REC)
There is a limit of Rs. 50 lakh on the investments on or after April 1, 2007.
The face value of a bond is generally Rs. 10,000 and the rate of return correctly averages about 5.5 to 5.75 per cent. This return is taxable income.
This exemption is is available an individual, HUF, company or any other person who invests the long term capital gain, within 6 months of a the transfer of the capital asset, in any of the specified bond (issued on or after April 1, 2006) redeemable after 3 years:
National Highway Authority of India (NHAI), or
Rural Electrification Corporation Ltd. (REC)
There is a limit of Rs. 50 lakh on the investments on or after April 1, 2007.
The face value of a bond is generally Rs. 10,000 and the rate of return correctly averages about 5.5 to 5.75 per cent. This return is taxable income.
05 December 2012
For further details u may also refer to sec 54EC
06 December 2012
I appreciate the opinion-cum-guidance of Preety Chawda and now there remains nothing to answer by any expert fellow.
06 December 2012
but miss preety ,my ca said u cant invest in govt bond as its pvt ltd company...
07 December 2012
This exemption is available to an individual, HUF, company or any other person who invests the long term capital gain
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