LTCG -capital gains

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proprietor
172 Points Joined November 2014

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
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Student CA
1005 Points Joined July 2013
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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27876 Points Joined May 2017
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 Joined November 2019
Deposit in Capital Gains Deposit scheme

or pay tax
1 Reply
On 05 August 2023 at 13:54
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27876 Points Joined May 2017
Extension of existing house property .
exemption 54 F
1 Reply
On 05 August 2023 at 23:06
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proprietor
172 Points Joined November 2014

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 Joined September 2022
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 Joined November 2019
Your welcome
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On 06 August 2023 at 09:42
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27876 Points Joined May 2017
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...!!!"
128111 Points Joined January 2015
Not needed, it have 2 yrs
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On 06 August 2023 at 20:34
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27876 Points Joined May 2017
Tenure is prime condition
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On 07 August 2023 at 08:58


CCI Pro

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