Long term capital gain

I am having long term capital Gain of Rs.15 lacs on the sale of residential property.

I want to know whether I can buy one residential property of Rs. 10 lacs and invest balance amount of Rs. 5 lacs in Bond and get full benefit.

asked Mar 24 '14 at 17:58 by mcgjpr 1

Income tax rules are silent on simultaneous usage of section 54 and 54EC, so you should be able to do it.

answered Mar 27 '14 at 20:27 by Pankaj Batra 5.2k320


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Asked: Mar 24 '14 at 17:58

Seen: 905 times

Last updated: Mar 27 '14 at 20:27