Long term capital gain
This query is : Resolved
Suresh Chand Agarwal
(Querist)
23 January 2020
I have sold land on 28.08.2019 for Rs.80,00,000 index cost is Rs.7059680 I am deposit in Capital gain Bonds Rs.50 Lakhs and How much have to invest residential Flat. How much will be exempt U/s 54EC and U/s 54F.
Amol S Joglekar
(Expert)
23 January 2020
Actually your capital gain is 80,00,000 - 70,59,680 = 9,40,320/-
Deposit 9,40,320/- in capital gain bonds u/s 54EC and you do not have pay capital gain tax.
Deposit 9,40,320/- in capital gain bonds u/s 54EC and you do not have pay capital gain tax.
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