Capital gain
This query is : Resolved
CA CMA CS VIRAG SHAH
(Querist)
21 May 2011
Can i invest money in booking of flat to avoid tax on LTCG arises out of sale of gold of rupees ten lac. ?
thanks in advance...
thanks in advance...
U S Sharma
(Expert)
21 May 2011
under sec 54 you may get benefit of LTCG investment in housing property, subject to ........... for details refer sec 54 of incometax act.
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CA PARAS BAFNA
(Expert)
21 May 2011
Yes , you can save tax on LTCG by investing the sales proceeds in Residential House.
You can claim exemption U/s 54F.
You can claim exemption U/s 54F.
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