Capital gain scheme related

Tax planning 162 views 3 replies

Plot (Vacant Land) at Vijayawada (City) 

1. purchased for Rs 70000 as 24-02-2005

2. Sold  for 2485000 as on 12-10-2017.

2A. Purchased land at Guntur for Rs1350000 as 21-12-2017

3. Money Deposited in to savings bank account as 12-10-2017

What are the tax planning options like purchase of any other building or plot or agriculture land.

 

 

Replies (3)
Section 54F: Entire sale consideration and not only capital gain should be invested to buy a new residential house property .

Section 54EC you can save the tax on your capital gains, by investing them in certain bonds. Bonds issued by the National Highway Authority of India (NHAI) or Rural Electrification Corporation (REC) 

If capital gains have not been invested until the date of filing of return (usually 31st July) of the financial year in which the property is sold, the gains can be deposited in capital gains account scheme.

can i buy vacant land before 31-07-2018. is 54f applicable or not.

Purchase of vacant land is not eligible investment exemption under section 54F .


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details