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Capital gain

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(Querist)
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....
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Preety Chawda

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Preety Chawda (Expert)
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.
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Preety Chawda

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Preety Chawda (Expert)
05 December 2012 For further details u may also refer to sec 54EC
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V K Bajaj

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V K Bajaj (Expert)
06 December 2012 I appreciate the opinion-cum-guidance of Preety Chawda and now there remains nothing to answer by any expert fellow.
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bhavik mehta

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bhavik mehta (Querist)
06 December 2012 but miss preety ,my ca said u cant invest in govt bond as its pvt ltd company...
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Preety Chawda

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Preety Chawda (Expert)
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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