How to save tax on money we got by selling a house ?

POSTED BY prashu_27j ON December 27, 2014 2:10 pm ONE COMMENT

My father retired (62yrs) sold his property (14 yrs old apartment) this month. He has deposited all the money in the bank and opened an FD. To avoid taxes do we need to buy a house in the same financial year before Mar 2014? Please suggest.

One reply on this article “How to save tax on money we got by selling a house ?”

  1. Manish Chauhan says:
    December 27, 2014 at 2:15 pm

    There are two ways you can save the tax .

    1. Either invest the money in another residential property in 2 yrs from the sale date .

    2. Or invest it in REC or NHAI bonds – Refer to this https://www.jagoinvestor.com/2009/05/how-to-calculate-capital-gains-and-what_7801.html

    Manish

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.