Sir,
I have a query regarding tax for capital gains. I am planning to sell a site purchased on may-2011. I am getting sale amount approx 1.5 to 1.8 cr. I am mentioning total taxable figure.
Plannig to get full excemption from tax in form of investment (capital gain tax) bonds only. Please suggest how to do the process inorder to get excemption for entire amount.
What is the maximum amount i can save if i wait till 2014. Maximum limit for tax exception depositing in bonds.
Dear in your Case this is Short term Capital Gain so u will not gain any benifit of Section 54EC
u Can invest upto 100000 in Tax Saving bonds
| Originally posted by : manoj | ||
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Dear in your Case this is Short term Capital Gain so u will not gain any benifit of Section 54EC u Can invest upto 100000 in Tax Saving bonds |
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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