|
Hi, My company(USA listed, having tax treaty with India) gives shares to the employess at discounted rate. I am eligible for capital gain tax on those shares. I have a property for which I have an installment due to the builder, can I invest the capital gain in that property to save income tax on that capital gain. asked Mar 20 '12 at 19:06 by vsangal 1●1●2●2 |
|
You can save income tax on capital gains (only if company shares have been held by you for more than three years after purchase) u/s 54F or 54EC. To save income tax fully, under 54F you can invest whole sale consideration amount into a residential house property. Possession of new property must be taken within two years of stock sale. To save income tax fully u/s 54EC, you can invest whole sale consideration into capital gain bonds within six months of sale. answered Mar 22 '12 at 00:28 by Pankaj Batra 5.2k●3●20 Thanks a lot Pankaj....
(Mar 22 '12 at 12:49)
vsangal
|