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> Can I invest the CG amount in Bonds upto 50 lakhs and buy a house with remaining money?

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Can I invest the CG amount in Bonds upto 50 lakhs and buy a house with remaining money?

Posted at： 2014-12-05　

I am selling my house for which the CG on the sale proceeds exceed 50 lakhs. Can I invest the CG amount in Bonds upto 50 lakhs and buy a house with remaining money?

You have to deposit only in the approved schemes like REC, High Ways etc. You may invest in house also to get exemption.

I am selling my house for which the CG on the sale proceeds exceed 50 lakhs. Can I invest the CG amount in Bonds upto 50 lakhs and buy a house with remaining money?

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