Capital gain

Dear Manish

As per you query on long term capital gains answer of your following query given below

(1) Yes LTCG would be calculated due to holding of assets more than 3 year from jan 2010 to jan 2014.

(2) LTCG can not be calculated bcoz sale consideration not give or if we assume that you have sold at municipal value than Capital Gain would be 

Sale cosideration                                 300000

Less Puchase value with indexation      66034

( 50000*939/711)

LTCG                                                233966

Exemption U/s 54B /54F /54EC           233966

LTCG                                               Nil

and you can not sold the properties below the municipal value .......

thanks for your immediate respose

but when a person can cliaim

when any one get long term gain and for saving his tax he can invest his gian under different investment which are under the different sections...such as 54b,54f,54ec..

now for all three sections u need to go through the books which clear ur doubt......