Provisions in the Income Tax Act, 1961, allow an individual to bring down or avoid paying tax on capital gains from transfer of residential property. To do so, you can either reinvest the capital gains in capital gain bonds or in a residential property. But in both the options, you need to fulfil some conditions to avail the related tax benefits. If you have capital gains from the sale of a residential property and are considering reinvestment to save taxes, take a look at these conditions.
6 equity mutual funds offer over 25% CAGR in five years
Read More
