investments?

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My husband sold a land in india, and gained good profit. He wants to invest the profit in some schemes in order to avoid capital gain tax. REC and National Highway Bonds are advised. But they are not announced for subscription. Can anyone tell me whether nationalised Banks too take deposits of Capital gains.? Any other option available, ?
savithri

2006-12-27 15:29:27 · 1 answers · asked by savithri_gopalan 3 in Business & Finance ➔ Taxes ➔ India

1 answers

The capital gains tax is not avoidable anymore, it used to be if you invested the money within 6 months.

2007-01-01 02:02:22 · answer #1 · answered by Rajan S 1 · 0⤊ 0⤋