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How should I benefit more..

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 December 2010 This year I sold three lands of costing X amount. Now as I cannot claim section 54F as I possess two house in my name. As such I don't have any option then to invest in section 54ec for bond. What should I do, as I don't want to invest my amount in 54ec at 6% int rate and also want to avoid tax. Please let me know how should I deal this. I have got too much of land reserve and in future I will face this same problem, so is there any good way or better way to get into something.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
02 January 2011 No more option, pay the tax.
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