LTCG -capital gains

313 views 10 replies
User Avatar

proprietor
175 Points Posted on 05 August 2023

Respected sirss,

I am selling a  Residential plot &  Have a capital gains  of -say 50 lac. Can I invest the entireamount them in NIFTY 50 - INDEX FUND with out  paying LTCG.

( other wise I am forced to buy a flat)

Thank you for your precious time  & guidance

rEGARDS,

VIJAYAKUMAR

0 Reply Share Follow
On 05 August 2023 at 11:46 Report
Replies (10)
User Avatar

Student CA
1005 Points Posted on 05 August 2023
No u cant sir.....u can deposit in capital gain dep a/c vch u can utilise later for prescribed purposes only
1 Reply
On 05 August 2023 at 11:59
User Avatar

Profession Business
28244 Points Posted on 05 August 2023
THERE ARE TWO WAYS .
1. EITHER DEPOSIT IT IN CGAS
2. ENTIRE AMOUNT 54EC AND 54F
2 Reply
On 05 August 2023 at 13:02
User Avatar

Chartered Accountant
24588 Points Posted on 05 August 2023
Deposit in Capital Gains Deposit scheme

or pay tax
1 Reply
On 05 August 2023 at 13:54
User Avatar

Profession Business
28244 Points Posted on 05 August 2023
Extension of existing house property .
exemption 54 F
1 Reply
On 05 August 2023 at 23:06
User Avatar

proprietor
175 Points Posted on 06 August 2023

Respected sirs,

 

thank u -all of for sparring your valuable time. Iwill pay tax , invest the balance in shares . thank u sir.

 

regards,

vijayakumar

Reply
On 06 August 2023 at 08:03
User Avatar

1732 Points Posted on 06 August 2023
You may buy a flat within two years to minimise the tax
Reply
On 06 August 2023 at 09:11
User Avatar

Chartered Accountant
24588 Points Posted on 06 August 2023
Your welcome
Reply
On 06 August 2023 at 09:42
User Avatar

Profession Business
28244 Points Posted on 06 August 2023
You can certainly buy a house.
Reply
On 06 August 2023 at 20:13
User Avatar

"Do the Right Thing...!!!"
128152 Points Posted on 06 August 2023
Not needed, it have 2 yrs
Reply
On 06 August 2023 at 20:34
User Avatar

Profession Business
28244 Points Posted on 07 August 2023
Tenure is prime condition
Reply
On 07 August 2023 at 08:58

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details