Long term capital gain tax

Hi ,

 I have sold a land that is long term capital gain . have deposited the money in SBI .

Now want to buy a bond.

1) As SBI has not given any cheque book , How to pay to Karvy to buy bond.

2) Have sold on 9th Dec 014. so Six Month is 9th june 2015 .

  Approximately How much time it will take to buy bond if I apply As I feel I am running out of time.

 

Thanks

Rajesh

Replies (8)

If you have opened an account with SBI and they have not given a cheque book, apply for it.

As per NHAI and REC, the Deemed Date of Allotment would be the last day of the month during which the application amount has been cleared and credited to NHAI’s collection account

Hi Madhavi You mean to say if we apply on 01.06.2015 then date of allotment is 30.06.2015 if this is the situation then 6 months are over and we can not claim exemption.

Hi , SBI does not issue cheque for capital gain account . If I pay using demand draft commission is huge. Kindly suggest me some way .

Thanks

rajesh

hello, Kindly read this article

 

https://www.business-standard.com/article/pf/tax-saving-investment-can-be-done-within-calendar-month-114042600907_1.H T M L

Hi Vishal,

I think the link which you have shared is not correct because while opening the link it is showing sorry no page found please help me.

https://www.business-standard.com/article/pf/tax-saving-investment-can-be-done-within-calendar-month-114042600907_1.H T M L

 

 

Try one more time........ :)

Pls copy the link & paste it in the brower, as there is a bug if it is directly linked:

https://www.business-standard.com/article/pf/tax-saving-investment-can-be-done-within-calendar-month-114042600907_1.H T M L

It still doesn't work I think.

You need to delete H T M L (at the end after dot) and retype H T M L (continous in small letters), It will work

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