Hi Everyone,
We are selling our primary residential house constructed in 1975 for INR 1Crore. We dont want to buy any more property.Cost of the property construction in the Year 1975 was INR 3 lakhs Plus maintainence(no ducumentation available for maintaineance cost ).
Like to Save Long Term Capital gain Tax.
- What will be our approximate Long Term Capital Gain Tax?
- Should we deposit the 1 Crore Bank Check( Sale amount) in to a new Bank Savings Account or to an old Existing Bank Savings account ?
- How much time from the sale date do we have inorder to buy Section 54EC Bonds (NHAI bonds) to save Long Term Capital Gain Tax ?
- Are the NHAI Bonds are safe-conservative like Bank FD?