Menu
LTCG tax related
I have sold my land property. And I have already 2 flats in my name. Can I invest in another flat or land to avoid LTCG tax?if not, please let me know if any other options available to save tax.Thanks
Replies (5)
You can invest in 54EC bonds with in 6Months from the date transfer of property. to get exemption from capital gain tax.
or else purchase residential flat on your spouse name to get exemption u/s 54F.
Invest in 54EC bonds within 6 months of sale
Tax saving tools will leave you with no cash at all. after sale of land you received lacs of rupees. if you want to save tax then you will have to invest all your money. then you will not have spare money remaining.
if you dont have any plan to make big expenditure then there is no issue in saving tax. if you need money urgently then it is futile to save tax.
if you dont have any plan to make big expenditure then there is no issue in saving tax. if you need money urgently then it is futile to save tax.
Agree
Very well
Recent Topic
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
Related Topics
CAclubindia
