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PR VENKATACHALAM (Senior H R Manager at Retirement)     24 September 2012

Legal advice on long term capital gains bonds

Kindly advise on the following :-

 

1)whether the limit of Rs. 50 lakhs on  investment on  Capital Gains Bonds of Government of India, like Rural Electricity Board, etc is the maximum cap against a transaction or maximum cap. for a financial year. My question is if I get a capital gain of Rs. 1 crore, can I deposit Rs. 50 lakhs in one financial year and another 50 lakhs in the next financial year.

Would be grateful for your advice alongwith relevant law/circular in this context.

 

regards,

venkatpr



Learning

 1 Replies

Bhawani Mahapatra (Law Officer)     24 September 2012

Dear Sir

A lawyer has a little to do with your query. Better you should consult a financial/investment adviser having exposure to law.


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