Capital gain
This query is : Resolved
08 July 2015
For the year 2013-14, our assessee sold one land at Punjab of Rs.1,65,00,000/- which purchase price of Rs.25,00,000/-(purchase for the year 2008) and one land at Bldg. at Roychowk, W.B. of Rs.1,13,30,000/- which purchase of Rs.8,65,000/(for the year 2009)-. This total amount he invested new flat at New Delhi of Rs.7,65,00,000/- from own fund and bank loan. Thus please calculated capital gain arises, mentioned capital gain section such as 54 & 54F.
08 July 2015
if the amount recieved from selling 2 land is not utilised for purchasing the new property then it shall be taxable as capital gain
08 July 2015
YOU HAVE TO BUY THE NEW PRORPERTY FORM SALE PROCEEDS OF OLD PRORPERTY THEN YOU CAN SAVE THE TAX. BUT AT RPESENT YOU HAVE TO PAY THE TAX.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- TDR receipts for agreement holder
- Inventory of finished goods
- Confusion around Form 26QB fields
- Company Incorporation - CA and directors signing from different states
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Vivad se vishwas scheme 2024 new
- RCM on Advocate services by unregistered perosn
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
