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Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2014 Hi,

If I sell my Office located in India and invest the consideration received from that for my son's eduction abroad, will the capital gain be exempted?

Thanks
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
31 July 2014 no then entire capital gain is taxable...........................
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Vishnu Saboo

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Vishnu Saboo (Expert)
31 July 2014 there are certain way to get exemption of LTCG, like you have to invest the money for buying house within specified time limit, or u may invest the money in NHIA bonds for 3 years u/s 54 EC.
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