Exemption of long term capital gains
Querist : Anonymous
A PERSON HAS SOLD A SITE IN FINANCIAL YEAR 2017-18 FOR RS.1.12 CRORES AND AFTER INDEXATION THE COST OF ACQUISITION HAS COME TO RS.44.54 LAKHS, RESULTING IN A A LONG TERM CAPITAL GAINS OF RS.67.65 LAKHS.
HE HAS INVESTED RS.50 LAKHS IN NHAI CAPITAL GAIN BONDS WITHIN THE SPECIFIED PERIOD.
NOW, THE QUERY IS AS FOLLOWS:
TO CLAIM EXEMPTION U/S 54F, HOW MUCH HE HAS TO INVEST IN PURCHASE/CONSTRUCTION OF NEW RESIDENTIAL HOUSE OR IF HE CANNOT BUY THE HOUSE BEFORE 31/07/2018, HOW MUCH HE HAS TO DEPOSIT IN CAPITAL GAINS SCHEME ACCOUNT?
THANKS & REGARDS
Querist : Anonymous
thanks & regards
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