Dear Friends,
I have sold one immovable property and I have to pay LTCG. I will need to purchase Goverment Bonds to save capital gain tax.
Just one query I have that should we need to reinvest in the immovable property only the invested amount of bonds after maturity period over or then this amount would be free for normal use?
If we need to reinvest in the immovable property only after maturity period then we should deposit the required LTCG tax and so that the balance amount would be free?
What is the advisable point?
Over to you guys..........
CAclubindia
