LTCG -capital gains

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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

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On 05 August 2023 at 11:46 Report
Replies (10)
Quick Summary
This discussion explores options for managing Long Term Capital Gains (LTCG) tax when selling a residential plot. The original poster inquired about investing the entire capital gain amount into a NIFTY 50 Index Fund to avoid paying LTCG tax, as an alternative to purchasing another property. Responses clarified that direct investment in index funds doesn't typically exempt LTCG, suggesting options like depositing funds in a Capital Gains Deposit Account (CGAS) or utilising exemptions like Section 54EC and 54F for property-related investments.

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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
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Profession
28269 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
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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
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Profession
28269 Points Posted on 05 August 2023
Extension of existing house property .
exemption 54 F
1 Reply
On 05 August 2023 at 23:06
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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

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On 06 August 2023 at 08:03
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1732 Points Posted on 06 August 2023
You may buy a flat within two years to minimise the tax
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On 06 August 2023 at 09:11
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Chartered Accountant
24588 Points Posted on 06 August 2023
Your welcome
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On 06 August 2023 at 09:42
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Profession
28269 Points Posted on 06 August 2023
You can certainly buy a house.
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On 06 August 2023 at 20:13
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"Do the Right Thing...!!!"
128157 Points Posted on 06 August 2023
Not needed, it have 2 yrs
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On 06 August 2023 at 20:34
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Profession
28269 Points Posted on 07 August 2023
Tenure is prime condition
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On 07 August 2023 at 08:58

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