Dear sir,
In 2019-20 budget . what is the LTCG maximum tax exemption for sale of plot. If invested the amount in bonds.
Thank you
3 Answers
Hi,
The maximum limit for investing in Section 54EC bonds is Rs 50 lakh.
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Dear sir,
Have checked up link which you sent in that mentioned as per budget 2019- 20 , tax exemption is Rs. 2 crore, ( not 50 lakhs ) iam confusing so please clarify....
Hi,
The exemption of up to Rs 2 cr is by way of investing in two Residential properties and not in 54EC Bonds.
"The benefit of rollover of capital gains under section 54 of the Income Tax Act will be increased from investment in one residential house to two residential houses for a tax payer having capital gains up to Rs 2 crore. This benefit can be availed once in a life time."
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Dear sir,
Have checked up link which you sent in that mentioned as per budget 2019- 20 , tax exemption is Rs. 2 crore, ( not 50 lakhs ) iam confusing so please clarify….