Capital gain implication?

Tax queries 135 views 2 replies

Hello Sir,

One of my client had purchased flat in 2011 for 70 lacs. and made payment by yearly installment approx 20 lacs.

now he has sold same flat for 1 crore in nov 2016. what will be capital gain implication in this situation ?

also they had invested bond u/s 54ec.

 

Replies (2)
if the resulted total capital gain invested in bonds after availing indexation there will not be any liability under LTCG
yes if so invested then no need to pay TAX
but take the proper calculation of indexation year to year.


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