HOW TO SAVE CAPITAL GAIN TAX FOR A SENIOR CITIZEN ?

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  1. RAGESH

    RAGESH New Member

    HOW TO SAVE CAPITAL GAIN TAX FOR A SENIOR CITIZEN ?
     
  2. Karan Batra

    Karan Batra Well-Known Member

  3. ZED

    ZED Well-Known Member

    Please explain in more detail
    What is the capital asset which has been transferred?
    Whether its short term or long term, when was it transferred?
    There are so many things which require consideration.
     
  4. RAGESH

    RAGESH New Member

    1.5acre land amount Rs.1.50crore,long term capital,No construction/purchase of property in future.
     
  5. ZED

    ZED Well-Known Member

    If 6 months has not lapsed from the date of transfer, then exemption can be claimed u/s 54EC to the extent of 50 Lacs.
    There is another option but for that assessee should create a Mfg company [S.54GB]
     
  6. RAGESH

    RAGESH New Member

    thank u sir.............
     
    ZED likes this.
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