Ltcg on sale of land


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Querist : Anonymous

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Querist : Anonymous (Querist)
28 December 2013 I HAVE SOLD LAND IN THE CURRENT FINANCIAL YEAR. IT RESULTED IN LTCG. CAN I AVAIL ANY TAX BENEFIT, IF I INVEST THE PORTION OF LTCG IN PURCHASE OF LEASE HOLD PROPERTY. PLS SUGGEST.

28 December 2013 You can save LTCG by investing in %$EC Bonds

You can also purchase a residential house provided you do not own any other residential house.

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 December 2013 Thank you Sir for your reply. But my question is can i invest the amount in leasehold property and save tax?????

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 December 2013 Thank you Sir for your reply. But my question is can i invest the amount in leasehold property and save tax?????

29 December 2013 In case of leasehold property if it is residential then yes but if it is otherwise then not

29 December 2013 Agree with Expert..

for Complete details

https://www.caclubindia.com/articles/capital-gain-tax-simplified-18623.asp


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