CAPITAL GAIN

This query is : Resolved 

03 May 2011 I HAVE A LAND @SANAND, AHMEDABAD & IT WAS TAKEN WITHOUT WILL & THIS LAND WAS ACQUIRED BY GUJARAT GOVERNMENT FOR NANO PLANT WHAT WAS THE TAX IMPLICATION IN THIS GAIN. UNDER WHICH SECTION IT WILL BE EXEMPT OR TAXABLE

03 May 2011 the gain will be taxed under section 45(5)
u can cliam exemption under section 54F or %$EC if u fufill the condiations specified therein

CA MANOJ GUPTA'
JODHPUR
09828510543



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