Capital Gain on Sale of Charitable & Religious Trust Old Property

This query is : Resolved

NIRAJ (Querist)
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11 November 2021 Trust have sold recently inherited (Old) commercial property vide Income generated Rs.15Lac on it so kindly guide us on below queries;
1. Whats the Capital Gain Tax Applicable?
2. Where we can invest (Bank FD or Post Office FD or Property or Bonds or Mutual Funds) inorder to have proper Tax Planning?
3. In How much time we have to invest?
4. Do we have to invest total amount received on sale of property or the income generated Rs. 15Lac?
5. If invested in Bonds or Mutual Fund whats the Locking Period?

Kindly update us on above queries or we are contactable on 9867023723 for more clarification.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 November 2021 1 and 2 Capital gains tax not applicable invest in Bank FD or on property.
3 Initially put it in short term FD on receipt of funds later use it to buy property.
4 Invest total receipt.

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