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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
