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Capital Gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 January 2011 hiiii

m about to sell plot(land) its about 5400sqft n the rate is about 600. I aquired it in 1980. I don want to pay any capital gain tax. So what should i do in this. M about to construct a house of about 1600sq feet. Again i need to invest some amount then wer shld i invest it.
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CA. R. B. SAH

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CA. R. B. SAH (Expert)
01 January 2011 you have to invest net consideration on purchase or construction of house or you can in bonds of REC & NHAI.
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