Tax on Capital Gain
This query is : Open
GANESH DUTT JOSHI
(Querist)
06 June 2017
Good Evning Experts...
I had purchased a property of Rs. 1.75 Lac in 1980
now I am salling said property in Rs 40 Lac aproximate. Please suggest me how can I save capital gain.
CA Rashmi Gandhi
(Expert)
06 June 2017
Invest the amt equal to capital gain from sale consideration in another house property to claim exemption u/s 54.
You can also purchase Specified bonds within 6month to get exemption u/s. 54EC.
Lock in period in both cases is 3 years.
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