financial planning

I indent to sell a property Land in municipal premises to a value of 68 lakes the index cost of acquisition is 24.38 lakhs.The capital gains will be invested in REC bonds. As I am a salaried, will the indexed cost of acquisition be added to the income?

actually this income comes under capital gains u can calculate the actual capital gains by deducting the cost+any improvement for the property from the saleproceeds &pay tenpercent capitalgains tax or 20% after indexing since these comes under the head capitalgains u need not add this to ur annual income but should be shown in tax returns better consult a charted accountant

I planned for the capital gain tax exemption under section 54EC is that possible by investing in Rural Electrification corp bond with 3 years lock-in at 6% annual interest.

Thank you very much your answer is crisp

i think yes rural ele bonds please check before investing u can wait u have 6 months grace time from date of sale

where to park till such time