Capital gain
Querist : Anonymous
it was purchased in the year 1980
i want to know what should be done to avail the deduction from LTCG by investing the sales proceeeds as the CG Bonds were not purchased within september 2013 (6months)
and
the assessee has already 2 house property in his name
kindly give the best possible solution to avail deduction u/s 54
waiting for quick reply
.
In your case Section 54F was supposed to be
providing you the benefit. But the scheme of Section 54F is also not applicable.
.
So, in my view, there were two alternatives only and both are not beneficial to the assessee, so he may be advised to pay LTCG tax to avoid Interest U/s 234C.
Querist : Anonymous
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