Long term capital gain


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Querist : Anonymous

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Querist : Anonymous (Querist)
25 December 2013
I have long term capital gain from sale of land.Please suggest me tax planning other than relief u/s 54

25 December 2013 you can invest in sec 54EC bonds upto 50 lakhs in a FY.

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 December 2013 sir,

is there any other way except investing in bonds etc ?

25 December 2013 in my view there is no other way.

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 December 2013 i invite other experts to advise me

30 December 2013 You can avail exemption U/S 54F and 54EC...

Investment of whole or any Part of Capital Gain in ‘specified assets’ as stipulated in the section. Investment should be made within 6 months from the date of transfer. Bond of NHAI or REC...

54F...
Purchase of Residential House within 2 years after or 1 year prior to date of transfer; or construction of residential house within 3 years from date of transfer..

Note: Must not own more than 1 residential house other than the new asset on the date of transfer of original asset..




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Querist : Anonymous

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Querist : Anonymous (Querist)
02 January 2014
Dear Aryan,

My client has no liquidity for investment, i am thinking about some other tax planning so that tax can be saved.


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