Please let me know if there is any extra exemption for senior citizens for long term capital gain and if yes please let me know how to awail the tax exemption. Is there any other way to save LTCG other then buying house, investing in NHAI bonds and REC bonds?
asked Mar 26 '11 at 12:32 by Hemant 1●1●1●1
There is no extra exemption available for senior citizens in case of long term capital gains.
Income tax can only be saved under section 54/54F (buy new residential property) or section 54EC (invest in capital gain bonds).
answered Mar 26 '11 at 23:47 by pankaj 5.1k●3●19