Long term capital gain
This query is : Resolved
Ali Shamsi
(Querist)
23 March 2014
land was purchased in September 2003. now i am selling it out. Some portion of land was sold in February 2014 and the consideration amount i deposited in my savings bank account. While the rest portion of land going to sale out on March 28th 2014. For L.T.C.G i want to buy bonds. My question is
1)should i have to invest in current f.y I.e. 2013- 2014
2)Or can i purchase in next f.y I.e.2014-2015
3)should I invest in NHAI or in R.E.C or 50% in ech
Nikhil Kaushik
(Expert)
23 March 2014
you can invest within 6 months from transfer of the land.
it is your wish how much you invest in NHAI and REC bonds subject to overall limit of Rs 50 lkhs
it is your wish how much you invest in NHAI and REC bonds subject to overall limit of Rs 50 lkhs
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