Saving Capital Gain

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Sarao

New Member
#1
#1
Friends, we are about to sell our Ancestral property. Some 50 years old. I am searching for some information on how to save of Capital Gains. Can you please help me in this?
 
V

vijayvaliya

Active Member
#2
#2
Sarao said:
Friends, we are about to sell our Ancestral property. Some 50 years old. I am searching for some information on how to save of Capital Gains. Can you please help me in this?
Click to expand...


dear sarao,

Capital gains tax can be saved

1. reinvesting the proceeds (capital gains) in capital gain tax saving bonds - I am not remembering the exact section 54-A or 54 - B of IT act. such bonds are issued by NABARD.

You can also purchase alternate property for housing purposes, wherein you will get a full exemption, at present if you dont have house property at present.
 
S

Sarao

New Member
#3
#3
I know about the Bonds. But From what I know, it has a IR of 5.xx%

I am looking for some other investments. I will not be buying a house as I already own one.
 
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