Advice
pawan
(Querist) 27 March 2012
This query is : Resolved
What are the ways to save capital gain tax?
If I invest in LIC gain bond then at which slab I have to pay tax at the time of maturity
V R SHROFF
(Expert) 27 March 2012
I m not TAX expert.
My common sense says, Pay this way, 20% , or pay that way , all 100% to govt, or govt undertakings.
Pay 20%, your bal 80 % will become 800in 5 yrs in property, gold, or enjoying life.
Invest all 100% with lic pf and get 200 after 5 yrs, loosing 600, to save your 20..
Sorry, I never insured myself , but at my age of 64, few flats purchased will safeguard my heirs 10 times than had i been insured.
If you use your money, better.
If someone else use your money, he become richer, you become poor.
If you use someone else's money, best for you.
TELL ME, THOSE WHO USED BANK LOAN [ Bank Money] TO PURCHASE their FLAT, ARE HAPPIER today OR NOT?? They saved Tax too,
With fear to loose 20%, Why give all 100% to someone else to use, LOOSING ENTIRE AMOUNT???
SO MY ANSWER IS:: TO SAVE CAPITAL GAIN, INVEST IN CAPITAL: FLAT/ LAND/ PROPERTY ASSET. U AVE TAX, AND USE UR OWN MONEY , THAT APPRECIATE LIKE ANYTHING!!
A V Vishal
(Expert) 27 March 2012
Dear querist,
Your query is incomplete regarding the nature & details of property sold, cost of acquisition and sale consideration, year of purchase and sale. Further, there are many avenues to plan taxes, only on furnishing of full particulars you may be advised properly.
Sankaranarayanan
(Expert) 27 March 2012
Need more details about ur query. Avoid the capital gain then re invest the same field or buy capital gain specified. Bond and keep the deposit with locking perod.
