Does amt kept in Capital Gains Account get taxable after 3 years?

Share
Share This Thread
  1. Vishal Jain v

    Vishal Jain v New Member

    Yep b4 it was 50lakh per year but after bjp came into power it was revised 50 lakh for 2 consecutive years.
     
  2. Vishal Jain v

    Vishal Jain v New Member

    New
    Yep b4 it was 50lakh per year but after bjp came into power it was revised 50 lakh for 2 consecutive years.
     
  3. vinoth

    vinoth New Member

    Sir, thanks for ur replies, and if 50 lakhs is limit, i rcd 1.25cr, how to proceed?
     
  4. Karan Batra

    Karan Batra Well-Known Member

    You can invest the balance amount in residential house.

    There is no maximum limit for the amount that can be invested in a residential house.
     
  5. vinoth

    vinoth New Member

    Sir, can the whole amount be. Invested in bonds for 3 yrs
     
  6. Karan Batra

    Karan Batra Well-Known Member

    As explained above, the max amount that can be invested in bonds is Rs. 50 Lakhs only
     
  7. vinoth

    vinoth New Member

    Sir, which choice is better of capital 1.24 cr of capital gain, 1) buy bonds for 50 lakhs and balance pay capital gains tax 20%, or buy 1.25 cr capital gains bonds if possible, buying land is not a good decision at this time for me. Please suggest.
     
  8. Karan Batra

    Karan Batra Well-Known Member

    The 2nd option is not possible as you cannot but bonds worth 1.25 Cr
     
  9. vinoth

    vinoth New Member

    Sir, can i deposit 1.25 cr whole amount in capital gain account scheme, and pay the capital gain tax of 20% after 3 yrs end.
     
  10. Karan Batra

    Karan Batra Well-Known Member

    Yes, you can do this.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Payment of Tax, if employers doesn't pay or deduct TDS Income Tax May 5, 2017
How does the RBI rate cut impact FD interest rates? Income Tax Apr 5, 2017
Does Sale of ancestral agricultural land attracts TAX ? Income Tax Mar 18, 2017
Web development comes under business or profession if one doesn't have a degree? Income Tax Mar 5, 2017
Does Home loan prepayment come under 80 c exemption Income Tax Aug 2, 2016