Capital gains tax

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  1. Simran singh 70

    Simran singh 70 New Member

    Sir if I buy capital gains bonds Worth 20% of the sale proceeds. Does My rest amount become libalty free in terms of cap gains tax.
     
  2. ZED

    ZED Well-Known Member

    you don't need to make an investment worth 20% of the sale proceeds. Its the amount of capital gain (which would be less than 20% of the sale proceeds) , which needs to be invested.

    You are free to use the balancing amount in the manner you desire.
    The investment should be made within 6 months from date of transfer, failing to which the exemption shall not be available.
     
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