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LTCG on sale of flat..

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I bought a flat for 2 million INR in 2014. The flat is sold for 7 million INR in 2023. When filing returns how much I need to pay as tax on LTCG ? To avoid paying tax can I invest the tax gains in purchasing stocks ? Please advise.

 

Replies (2)
2 million into indexed cost of acquisition.
any other stamp duty not fulfilled.
Amount of tax is depends upon your investment. You can buys Bonds of NHAI, RECL etc within 6 month from the date of transfer. Another option can be that you can purchase a residential house property if you don't have any residential property.


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