How to invest proceeds from the sale of a property?
I expect to receive around Rs 75 lakh from the sale of an apartment. I do not intend to invest in another property. How do I invest this lumpsum amount in financial instruments? I am 47 years old and wish to adopt an aggressive style of investing. You should first check your long-term capital gains (LTCG) tax liability, if any, arising from your apartment sale. Section 54EC of IT Act...