Long term capital gain querry

Page no : 2

*RENU SINGH * (✩ §m!ℓ!ñġ €ม€§ fℓม!ñġ ђ♪gђ✩ ) (21627 Points)
Replied 01 July 2012

Originally posted by : anu
	Long term capital gain amount should be invested ( net consideration- Indexed Cost of acquisition) - The maximum permissable deduction u/s 54 EC is Rs.50 lakh in NHAI or Rural Electrification Bonds. Investment to be made within 6 months.

Ankush sharma (Auditor Article Assistant) (816 Points)
Replied 04 July 2012

If we have the option to invest in NHAI bonds sec 54EC and residential house prpperty Sec 54F

Sec 54 EC full exemption is available in case of NHAI bons sec 54EC to be invested with in 6 months

Sec 54F provides proportionate exemption will be calculated as Long term capital gain / Net Sale Consideration * amount invested in residential house property. Amount needed to be invested before 1 year till due date of ITR

In this question we need to suggest whether to invest in NHAI bonds or Residential house property

Ans. LTCG income,,,, LTCG amount needs to be invested in to claim full exemption u/s 54 EC and full NSC amount needed to be invested in Residential house property so Exemption of sec 54EC should be availed