54 EC Capital Tax Bonds – How to save your tax after selling house?

When you sell any capital asset like a house, gold, bonds or debt mutual funds over a long period, you generally make a PROFIT, which is called as Capital gains. This is treated differently from “interest income” which you get from fixed deposits and these capital gains are taxed at 20%. In case of selling house, these amounts can be quite big and if you reinvest these capital gains, you will not have to pay any taxes.
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