Income tax
This query is : Resolved
25 March 2010
I wanted to know if somebody has recd profit of 60 Lacs against sale of commercial property original cost price is say 50 Lacs ( sale cost is say 120 Lacs )& wanted to save from the tax how & whether if reinvestment of property is there than whetthere it should be from same juridication or Investment anywhere in india Pls help on this issue
25 March 2010
u can invest upto Rs. 50 lakhs in bonds u/s 54EC
U can purchase also purchase a residential house property anywhere in India to claim exemption.
U can purchase also purchase a residential house property anywhere in India to claim exemption.
27 March 2010
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