I purchased a residential plot,during 1987,at a price rs.22000..and sold the same for rs.6500000..in this F.Y.
I got this land value as on 01.04.2001as1481000..from SRO.I have invested in NHAI bonds for rs.5000000..now.To file IT return where i can show this NHAI investment for exemption under LTCG tax.
Menu
Exemption under ltcg
Replies (3)
There's separate schedule for capital gains. you can enter the relevant details in there
Under CG schedule of ITR , there is a part for showing all Deductions including 54EC NHAI bonds.
As a matter of fact, you have invested very high amount 50 lakhs in NHAI bonds as compared to your LTCG. Almost 20-25 lakhs higher.
As a matter of fact, you have invested very high amount 50 lakhs in NHAI bonds as compared to your LTCG. Almost 20-25 lakhs higher.
50lakhs is the limit in investment in nhai bonds
Recent Topics :
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
- E-waybill 14 Digit Numbring
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
Related Topics :
CAclubindia
