Capital gain exemption option
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 February 2014
What amount to invest in bond us 54 EC to get the exemption for paying tax on capital gain & time period. Is this option still available if still having more than one property.
04 March 2014
1. The CAPITAL GAIN has to be invested.
2. The capital gain has to be invested in specified bonds.
3. The capital gain should be invested within 6 months of the date of transfer.
4. The maximum amount that can be invested in a financial year is Rs. 50 lakhs.
2. The capital gain has to be invested in specified bonds.
3. The capital gain should be invested within 6 months of the date of transfer.
4. The maximum amount that can be invested in a financial year is Rs. 50 lakhs.
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