Long term capital gain

Akash (Querist) 21 June 2016 This query is : Resolved
Hi Experts ,

My company has sold a office which was 20 years old brought in 1lakh price and sold in 1 crore now i have a long term capital again on that as we had claimed depreciation ,

now i we would like to reinvest the same money to save capital gain , so i would like to understand that can we invest in equity so that we have the money in more liquid form.

i hope i am able to narrate my senior .

Regards

Akash Agarwal 0091 9923 383838

Follow Query

Report Abuse

R.K Nanda (Expert) 22 June 2016
Contact tax lawyer.

Rajendra K Goyal (Expert) 22 June 2016
LTCG has to be applied as per provisions of IT Act.

Discuss in detail with the local tax consultant.

Guest (Expert) 22 June 2016
There are specific Capital gain saving scheme. They all have long locked in period. Whether finance available against them is upto individual bank and financial institution.

Instead I would suggest you purchase property , small commercial shops.commercial office ,separate from your office. So you save capital gain

Mortgage that shop at some financial institution, and raise funds at same time after raising fund give that shop on Leave and License.

When you work on this thought you may come to conclusion myself using bank money , Licensee is giving money to you which you are paying to bank additionally you have asset whose market value is increasing .

Bit proper calculation you need to do in this regards , And take size of shop or commercial space small so it will go on leave and license fast . Larger space only larger organization takes who have bigger financial capacity.

Now this I suggest because it your is commercial organization.

Taking Capital gain saving bond I feel some where it is like blocking money

malipeddi jaggarao (Expert) 22 June 2016
Your tax consultant of the company can guide you better.

T. Kalaiselvan, Advocate (Expert) 25 June 2016
As rightly opined by experts your auditor shall be a right person to guide you properly in this aspect on all such further issues.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now