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Long term capital gain

This query is : Resolved 
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(Querist)
10 March 2012 If Sale Value of Consideration (property)And this amount invested in Fixed Deposit in banks, shall we get exemption from long term capital gain tax
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
10 March 2012 Investment in fixed deposit is not eligible for claiming exemption from capital gain.

You have to invest the amount either in a residential house property or bonds.
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
10 March 2012 Agreed with the above expert.
OM SAI SRI SAI JAI JAI SAI
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