i have sold my land and received a total amount of RS 20 LAKH FROM THE SALE OF THE SAME AND HAS MADE FD FROM THE SAME FOR 4.5*3=13.5 LAKH AND THE REST AMOUNT WHAT TO DO AND MY TAX IMPLICATIONS AND HOW CAN I REDUCE THE LIABILITY FOR THE SAME PLEASE HELP AND GUIDE ME
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Capital gain
Replies (2)
Considering it to be long term (held) asset....... calculate its (LT) capital gains by reducing indexed cost of aquisition from sale proceeds.
Invest the same in any house property or capital gains bonds of NHAI or REC for reducing tax liability.
Hi Suman
Please tell me following details-
1. Date of purchase of such land?
2. At what price did you buy this land?
3. At what date did you sell this land?
Please tell me above details so that i can help you.
You may contact me at siddharthgupta378 @ gmail.com
Thanks
Siddharth
Please tell me following details-
1. Date of purchase of such land?
2. At what price did you buy this land?
3. At what date did you sell this land?
Please tell me above details so that i can help you.
You may contact me at siddharthgupta378 @ gmail.com
Thanks
Siddharth
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