Long term gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 March 2015
We have residential plots and some of land to be used by municipal authority for its development.Municipal decided to compensate us on present Jantry rate.
Shall we have to pay Long term capital gain ? at what Rate ?
How we can save payment of Long Term Capital Gain ?
Shall we have to pay Long term capital gain ? at what Rate ?
How we can save payment of Long Term Capital Gain ?
16 March 2015
20% tax is payable on long term capital gain after reducing indexed cost of acquisition.
You can save tax payment u/s 54F by buying another house provided you have only one house before. You can deposit up to Rs 50 lakhs u/s 54EC on capital gain bonds.
You can save tax payment u/s 54F by buying another house provided you have only one house before. You can deposit up to Rs 50 lakhs u/s 54EC on capital gain bonds.
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