STI NEWS;"Sell anything but a house — buy a house save capital gain"plus 2 more

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• Sell anything but a house — buy a house save capital gain
• Sell anything — buy bonds save capital gain-54EC
• Sell a house — Buy a house save capital gain

Sell anything but a house — buy a house save capital gain Posted: 18 Sep 2011 07:40 PM PDT On incurring long-term capital gains on the sale of any asset (excluding a property), and if you wish to buy a property in return, then you can claim an exemption under Section 54F of the entire long-term capital gains incurred if you invest the entire net sales consideration into the new property. Alternatively, if the amount of investment into the new property is lower than the net sales

Sell anything — buy bonds save capital gain-54EC Posted: 18 Sep 2011 07:43 PM PDT If you have incurred capital gains on the sale of any long-term asset, (including property) and you do not wish to reinvest that money into a property, you can still avail an exemption under Section 54EC if you invest the long-term capital gains incurred into the specified bondswhich are National Highway Authority of India  NHAI) or Rural Electrification Corporation (REC). The investment needs to

Sell a house — Buy a house save capital gain Posted: 18 Sep 2011 07:46 PM PDT If you wish to buy a property from the sale proceeds of the existing property, then the long-term capital gains incurred will be exempt under Section 54 to the extent of the long term capital gains incurred or the investment into the new property, whichever is lower.  However, the condition is that the new property should be purchased within a period of two years from the sale of the existing

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