How to avoid capital gain tax?



I purchased a sight in 1993 for Rs 30,000/-. I developed it with ac sheet roof shed but i have not shown the development in my records. i sold this property for Rs 4,70,000/- in financial year 2009-10. I am also deposited Rs 9,00,000/- in state bank for one year. Now i purchased an old Cinema theater its not in running condition with this money. suggest me how to avoid capital gain tax?

How to avoid capital gain tax?
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3 Replies to “How to avoid capital gain tax?”


  1. The long term capital gains stand exempted if the proceeds are invested in purchase of another property within one year or construction of a house within three years.


  2. You can save tax. You can not avoid tax.

    You can save tax u/s 54EC by investing the LTCGs in notified bonds of NHAI and REC.

    You can save tax u/s 54F by investing the LTCGs in purchase of residential house, subject to certain conditions.

    HMT





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