sir if the asssesse sells his property and decides to invest in the bonds and he is not interested too purchase a property any time in future then will the capital gain be taxable and if then how much ??
thanks in advance !!
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Long term capital gain issue
Replies (2)
If the capital gain is invested in NHAI or RECL Bond, then it will be exempt from capital gain. For detail refer Sec 54EC of Income Tax Act.
Capital gain invested in bonds of REC & Nabard to the extent of Rs.50 lacs will be exempted & should be invested within 6 months of sale/transfer of capital asset.
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