Saving capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 August 2014
Hi,
Kindly suggest, what are the available options for saving income tax on Long term capital gains as per new budget of 2014, in case I earn a capital gain of Rs 75 lacs by selling a plot now and already owned a residential flat.
Thanks in advance.
Regards
Kindly suggest, what are the available options for saving income tax on Long term capital gains as per new budget of 2014, in case I earn a capital gain of Rs 75 lacs by selling a plot now and already owned a residential flat.
Thanks in advance.
Regards
Nikhil Kaushik
(Expert)
22 August 2014
you can invest in buying another residential house under section 54F.
Message likes :
1 times
09 September 2014
bt keep into account the time limit for investment
Message likes :
1 times
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