Long term capital gain
However I wish to sell property B in November 2016 and that will give Rs.45 lacs LTG. Since Bonds limit of 50 lacs is exhausted in this finl year, can i purchase bonds in April 2017 for availing exemption of property B sold in November 2016 ie. within six months. Will I get LTG tax exemtion ?
Sandeep Agrawal
9993088860
You can avail the benefit of exemption under 54ec.
As this deduction is year based and property based.
But I ahve already availed the benefit of 50 lacs for one property and I want to sell another property in the same financial year. so in one year I have availed 50 lacs although for a different property.
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