Capital gain of more than 50 lakhs

Dear sir, if the capital gain is more than 50 Lakhs, can I split the amount and Buy REC BONDS for 50 lakhs and balance to buy a residential property?
Asked 2 years ago in Capital Gains Tax from Tirunelveli, Tamil Nadu
Yes you can split the same. It is possible for an assessee to avail exemption under more than one section in respect of Capital Gains arising on transfer of a capital asset. 
Shyam Sunder Modani
CA, Hyderabad
1343 Answers
5.0 on 5.0
  Talk to Shyam Sunder Modani
Yes you can invest Rs 50 lakhs in bonds u/s 54EC and balance gains in a residential property. 
Vijay N. Kale
CA, Hyderabad
248 Answers
4.9 on 5.0
  Talk to Vijay N. Kale
Yes you can do that

Regards
Ankit Jain
ankit@ajsh.in
Ankit Jain
CA, New Delhi
32 Answers
4.4 on 5.0
  Talk to Ankit Jain

Ask a Question

Get tax advice from top-rated chartered accountants. It's quick, easy, and anonymous!
Ask a question

Other questions asked by this user

Other Questions

Chartered Accountants

Abhishek Dugar
CA, Mumbai
1368 Answers
5.0 on 5.0
Rohit R Sharma
CA, Mumbai
1272 Answers
5.0 on 5.0
Shyam Sunder Modani
CA, Hyderabad
1343 Answers
5.0 on 5.0
Keerthiga Padmanabhan
CA, Greater Mumbai
188 Answers
5.0 on 5.0
B Vijaya Kumar
CA, Hyderabad
580 Answers
5.0 on 5.0
Vishrut Rajesh Shah
CA, Ahmedabad
559 Answers
5.0 on 5.0
Pradeep Bhat
CA, Bengaluru
297 Answers
5.0 on 5.0
Vidya Jain
CA, Kolkata
213 Answers
4.2 on 5.0
Lalit Bansal
CA, New Delhi
196 Answers
5.0 on 5.0
Vishakha Agarwal
CA, Bangalore
381 Answers
5.0 on 5.0