Capital gains tax

Share This Thread
  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.
Draft saved Draft deleted
Similar Threads Forum Date
Capital gains Other Taxes Oct 31, 2017
Capital Gains account - no plan to purchase property Other Taxes Sep 28, 2017
Capital Gains Tax on sale of plot/house property Other Taxes Sep 23, 2017
Capital gains on Property Other Taxes Apr 29, 2017
CAPITAL GAINS AMOUNT TAX Other Taxes Feb 4, 2017