Sir,
I am selling a land property purchased 5 years ago on which I will be having a LTCG of Rs. 1.2 crore after indexation. Will I have to pay LTCG @ 20% on the whole amount of Rs.1.2 crore or there are some changes in the new budget regarding LTCG.
Menu
New capital gains law for 2014-15
Replies (2)
If your computed LTCG comes to 1.2 cr, then you may purchase another property and can claim exemption u/s 54F or you may buy bonds + property u/s 54EC and 54F. Only 50 lacs can be invested in bonds.
completely agree with answer of mr. mihir.
Recent Topics :
- Income tax on Australian Stipendiary Steward on 3
- INCOME TAX SECTION 92E
- Queries on Tax Invoice and GST
- Income Tax Auditor Tenure for Small Companies
- Sec 8 company sec 12ab reg
- AIS Password: How to Open Your AIS PDF?
- Interview Questions
- ITR Filing Last Date 2026
- Tds - filing Conso File for tax year 2026-27
- ITR-3 Filing For AY 2026-27 - Tips
Related Topics :
CAclubindia
