In case I have sold residential house I can still invest the taxable capital gains for purchase of bonds u/s 54 ec within a period of 6 months of the date of transfer and avoid capital gains tax
Pl clarify
In case I have sold residential house I can still invest the taxable capital gains for purchase of bonds u/s 54 ec within a period of 6 months of the date of transfer and avoid capital gains tax
Pl clarify
Yes you are right. Long term capital gain exempt if you invest in new house or purchase bond specified under section 54EC, or you may also deposit under capital gain deposit account scheme. may call me - CA umesh kumar- 9717597230
thanks umesh. wat in case if bonds are not available within a period of 6 months form that date of sale of residential house
tks sahil
CAclubindia
