Long term capital gain

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Ali Shamsi (Querist)
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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

Nikhil Kaushik (Expert)
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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

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