banner_ad

Capital gain

Others 258 views 3 replies
If some one sale land According to agreement in 2700000 but originally he is selling land only in 1700000 which he had purchased in 2013-14 rs 700000
Now how can he save ltcg if u have any suggestions then suggest
Replies (3)
You can save in two ways
i) invest in RECL bonds or NHAI bonds upto 50 L rupees subject to condition that you shall not redeem upto 5 years.
FOR BETTER KNOWLEDGE REFER 54EC OF INCOME TAX ACT.

ii) buy a residential house property provided that net consideration is to invest in House property.

FOR BETTER KNOWLEDGE REFER 54F OF INCOME TAX ACT.
To avoid Tax on LTCG You have options -

a. invest LTCG (after indexation) amount in Capital Gains Bonds of REC NHAI under 54EC within six months from sale of land

OR

b) Invest the net consideration money into new Residential house under section 54F (Subject to section conditions)
If the land is situated outside the jurisdiction of municipality and the land is used for agriculture purpose then the total LTCG is exempt.

otherwise you can do the two ways discussed in above to get the benefit of LTCG.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details