Long termCapital gains
This query is : Resolved
15 September 2023
Respected sirs,
Thank you for sparing your precious time.Sir, I bought a plot in 2005 whose indexed value now is 85 Rs. The cost of improvements over time( indexed is )15 Rs. Now I have sold for 150 Rs. Thus I have a clear gain of LTCG 50 Rs. Now I have to buy a plot for 50 RS or for the entire 150 RS. Kindly guide me sir. Thanking you once again.
Kumar
Thank you for sparing your precious time.Sir, I bought a plot in 2005 whose indexed value now is 85 Rs. The cost of improvements over time( indexed is )15 Rs. Now I have sold for 150 Rs. Thus I have a clear gain of LTCG 50 Rs. Now I have to buy a plot for 50 RS or for the entire 150 RS. Kindly guide me sir. Thanking you once again.
Kumar
16 September 2023
You have to buy a plot and construct a house/ buy a house for entire Rs 150
16 September 2023
Thank you very much for sparring your valuable time sir🙏🙏
16 September 2023
Respected sir,
if i buy capital gains bonds (5.25%) at the end of 5 years will they be taxed. i understand the interest is taxed, as per slab . i understand the lock in period is 5 yr. can it be closed before that .
thank you sir
if i buy capital gains bonds (5.25%) at the end of 5 years will they be taxed. i understand the interest is taxed, as per slab . i understand the lock in period is 5 yr. can it be closed before that .
thank you sir
17 September 2023
Only interest taxed. It can't be closed before that.
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