Capital gains
This query is : Resolved
28 May 2014
Sir,Ma'am ,
A party has sold gold as well as Listed bonds which attracts LTCG of Rs.275000 and Rs.12000 respectively and the person has investment in NHAI bonds of Rs.350000 during the year.
So can we take the rebate of this bonds to settle the LTCG.
Please answer my query ASAP.
Thanking you.
A party has sold gold as well as Listed bonds which attracts LTCG of Rs.275000 and Rs.12000 respectively and the person has investment in NHAI bonds of Rs.350000 during the year.
So can we take the rebate of this bonds to settle the LTCG.
Please answer my query ASAP.
Thanking you.
29 May 2014
Under section 50EC of Income Tax Act, Capital gain on transfer of long term capital asset not to be charged on investment in certain bonds with in a period of 6 months from the date of such transfer.
if whole sale consideration is invested in Bonds of NHAI then whole capital gain will be exempt other wise proportionately.
maximum amount can be invested in Bonds are 50 Lakhs in a financial year.
if whole sale consideration is invested in Bonds of NHAI then whole capital gain will be exempt other wise proportionately.
maximum amount can be invested in Bonds are 50 Lakhs in a financial year.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Non-Compliance documents have not been submitted by the contractors debited
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Journal entry of busniess expenses
- Invertaded duty struture
- Cash balance limit and property purchases limit
- EXPORT COMMERCIAL INVOICE HSN CODE
- GST not cancelled by tenant
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
