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

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

*italic* or __italic__
**bold** or __bold__
link:[text](http://url.com/ "title")
image?![alt text](/path/img.jpg "title")
numbered list: 1. Foo 2. Bar
to add a line break simply add two spaces to where you would like the new line to be.
basic HTML tags are also supported

Tags:

Asked: May 08 '12 at 21:05

Seen: 1,704 times

Last updated: May 28 '12 at 00:19