any mutual funds investment to avoid long term capital gain on property

is there any mutual fund that can be purchased to avoid capital gain on property ?
if yes. how long one should hold the investment.
How many days one has from the date of sale of property to make such investment ? thanks

asked May 08 '12 at 21:05 by mm1 1●2

One Answer:

There is no mutual fund to save income tax on long term capital gains.

However you can invest into capital gain bonds (issued by NHAI and REC u/s 54EC) to save income tax within six month of sale.

answered May 28 '12 at 00:19 by Pankaj Batra 5.2k●3●20

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Asked: May 08 '12 at 21:05

Seen: 1,558 times

Last updated: May 28 '12 at 00:19