Capital gain on sale of shop
This query is : Resolved
02 December 2014
SIR,
CASE IS MY FATHER SOLD HIS SHOP IN 09/04/2014 FOR A CONSIDERATION OF RS.18,00,000 /- AND ACCORDINGLY THE LONG TERM CAPITAL GAIN IS CALCULATED ON SAME USING INDEXATION OF RS.11,45,630 /-, NOW I WANT TO KNOW THE TIME LIMIT WITHIN WHICH INVESTMENT CAN BE MADE OUT OF PROCEEDS FROM SALE OF FLAT IN ORDER TO AVOID CAPITAL GAIN AND WHAT ARE THE OPTIONS IN WHICH I CAN INVEST?
AWAITING FOR YOUR REPLY
CASE IS MY FATHER SOLD HIS SHOP IN 09/04/2014 FOR A CONSIDERATION OF RS.18,00,000 /- AND ACCORDINGLY THE LONG TERM CAPITAL GAIN IS CALCULATED ON SAME USING INDEXATION OF RS.11,45,630 /-, NOW I WANT TO KNOW THE TIME LIMIT WITHIN WHICH INVESTMENT CAN BE MADE OUT OF PROCEEDS FROM SALE OF FLAT IN ORDER TO AVOID CAPITAL GAIN AND WHAT ARE THE OPTIONS IN WHICH I CAN INVEST?
AWAITING FOR YOUR REPLY
02 December 2014
can invest within 6 mnths of transfer invest within 54EC section.
02 December 2014
CAN'T I INVEST IN ANOTHER SHOP TO AVAIL BENIFIT , I DONT WANT TO INVEST IN BONDS.
02 December 2014
alternatively u can get benefit u/s 54F
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