LTCG -capital gains

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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

Replies (10)
No u cant sir.....u can deposit in capital gain dep a/c vch u can utilise later for prescribed purposes only
THERE ARE TWO WAYS .
1. EITHER DEPOSIT IT IN CGAS
2. ENTIRE AMOUNT 54EC AND 54F
Deposit in Capital Gains Deposit scheme

or pay tax
Extension of existing house property .
exemption 54 F

Respected sirs,

 

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

 

regards,

vijayakumar

You may buy a flat within two years to minimise the tax
Your welcome
You can certainly buy a house.
Not needed, it have 2 yrs
Tenure is prime condition


CCI Pro

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