Long Term Capital Gain

Sushmita (Finance Officer) (142 Points)

18 April 2011  

My client had a long term capital gain of Rs. 44 lacs (after adjusting indexed purchase value - Rs.3 lacs) from sale of plot. The sale is made on 14th of march.

He does not want to reinvest the same in any property or land. Other than tax-saving bonds which give interest rate at 6%, Can you suggest me the higher earning options??

Thanks in advance.