09 December 2015
I have sold my urban Land to buyer of which valuation of land is around 3.5 cr. I want to know in which capital asset i invest my money to availed maximum deduction of capital gain.? whether i can invest amount to purchase other land instead of buying house property.? please let me know .
09 December 2015
To avail capital gain exemption you have to make investment in house property to get exemption u/s 54F or buy capital gain bonds u/s 54EC. These are the only two options available to you.
CAclubindia
