Tax Savings on Long Term Capital Gain

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A client sold land for £90 Lakhs and is looking for ways to save on long-term capital gains tax, as they do not wish to purchase a new home. The discussion highlights 54EC bonds as a primary method for tax exemption on such gains. It's also clarified that one can potentially benefit from both purchasing a new residential property and investing in these bonds.

sanjoy saha

sanjoy saha (Querist)
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05 January 2020 One of my Client sold his land on 90 Lakhs on last October,2019. But he dont want to buy a new house. So whats the best way to save his Capital Gain Tax???

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 January 2020 54EC bonds, or capital gains bonds, are one of the best way to save long-term capital gain tax

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sanjoy saha

sanjoy saha (Querist)
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13 March 2020 Sir, can i take the both benefit together of buying a new residential house and the bond??

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 March 2020 Yes you can take both the benefits.

Spurto Consultancy Services

Spurto Consultancy Services (Expert)
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13 March 2020 54EC bonds, or capital gains bonds, are one of the best way to save long-term capital gain tax. 54EC bonds are specifically meant for investors earning long-term capital gains and would like tax exemption on these gains

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