Capital gain

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73 Points Posted on 12 December 2020
where i can pool my capital gains from flat sold in 2020 Dec to save income tax i.e under which section of IT ACT.
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On 12 December 2020 at 18:03 Report
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This discussion explores options for saving income tax on capital gains from a flat sold in December 2020. The user is inquiring about utilising Section 54EC for investments in specified bonds or Section 54H for purchasing new residential properties, particularly when capital gains exceed £2 million.

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12 Points Posted on 12 December 2020
Either invest in bonds for which capital gain exemption available under section 54ec or invest in two new residential house for which exemption available under 54h ( cg is up to 2 cr )
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On 12 December 2020 at 20:50
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73 Points Posted on 12 December 2020
Thanks ji
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On 12 December 2020 at 22:05

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