banner_ad

Request advise on money received from property sale

Tax queries 344 views 1 replies

Hi,

I recently sold my property in another city. I have received 60% of the money from buyer in cash. Rest 40% was paid through cheque. i could not help it, given how Indian real estate works.

 

I want to know how do I make sure that I am able to utilize this 60% money in a proper way, without paying any tax. I cannot afford to pay any tax on this 60% as it is my only saving for future as of now. How do i legitimize it, and another question also here is that how do I move this 60% money in cash from the city where i sold the property to my current city in India.

Any help / advise, greatly appreciated.

Replies (1)

HI,

INVEST THE AMOUNT YOU RECEIVED IN NHAI BONDS WITH A MATURITY PERIOD OF 3 YEARS NOT EXCEEDING 50 LAKHS WITHIN 6 MONTHS FROM DATE OF RECEIPT, YOU ARE EXEMPTED TO PAY CAPITAL GAINS. IF THE DATE OF RECEIPT IS AFTER 01OCT THEN YOU CAN GET A LIMIT OF 1 CRORE ON WHICH YOU NEED NOT PAY CAPITAL GAIN TAX.

 

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details