Search the Ask Experts question database, to see if the topic related to your question has already been answered.

I have sold a house property in Feb 2019 with capital gains of Rs 65 lakh. Can I invest Rs 50 lakh in capital gains bonds before March 31, 2019 and balance Rs 15 lakh in April 2019 in capital gains bonds to fully avail exemption from capital gains tax

Investment in the capital gains bonds cannot be split across two financial years to exceed the Rs 50 Lakh limit.

The other exemptions that you can claim are brokerage and any repairs that you have done to the house over the period to reduce the capital gains amount. In case you are purchasing a new property, that value of that can also be adjusted against capital gains.

Subscribe to updates

Stay up to date with information you can use. From health and money to entertainment and special offers, the Samarth newsletter is your weekly source of insights to help get more out of life.

Click to Listen