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CAPITAL GAIN

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(Querist)
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
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
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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