Invt of LTCG on property in another property and Cap Bonds
This query is : Resolved
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k s prakash
(Querist)
31 January 2024
Re: Cap Gains. My friend wants to know if he gets net cap gains of Rs30 lakhs on sale of immovable property, can he invest Rs20 lakhs in new prop purchase and the remaining Rs10 lakhs in Cap Bonds to claim full exemption under LTCG by following the guidelines as per Sec54?
31 January 2024
Yes Definetly he can get exemptions under 54EC and 54
k s prakash
(Querist)
31 January 2024
Thank you CA Bhavik Sir for the positive reply.
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