Income tax

134 views 1 replies

Capital gain -long term One Individual sold his vacant residential housing plot . He invested the remaining amount after the Long term capital gain amount in REC BONDS. SALE VALUE : RS.50,00,000 INDEXED COST : Rs. 10,00,000 LONG TERM CAPITAL GAIN : Rs 40,00,000 invested in capital gain Bond , say REC ; Rs.40,00,000 Whether he will get capital gain tax fully exempted , under what section of I.T? or how much amount of capital gain tax to paid? 

 

C.A. K PALANIAPPAN

Read more at: https://www.caclubindia.com/experts/experts_display_list_by_category.asp?cat_id=3

Replies (1)

Fully exempted u/s. 54EC, provided invested within 6 months,


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register