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Should we invest in sale value to save tax?- Property Hotline
Posted
December 22, 2016
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December 22, 2016
10
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1:14Now PlayingExpert: Suresh Surana, Founder, RSM Astute Consulting.
Question: I have recently sold my flat, at Mira road. The sale value should be invested to save tax? Or profit should be invested?
Answer: Under section 54eC i.e. where you invest in the bonds. There is the limit of Rs 50 lakh. Essentially invest the profit from the sale in bonds. Not the entire sale amount to be invested.
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