long term capital gain exemption for senior citizens

Hello,

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?

Thanks Hemant

asked Mar 26 '11 at 12:32 by Hemant 1111


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 5.0k317

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Asked: Mar 26 '11 at 12:32

Seen: 3,334 times

Last updated: Mar 26 '11 at 23:47