EASYOFFICE
EASYOFFICE
EASYOFFICE

54B capital gain on agricultural land

This query is : Resolved 

28 July 2020 Mr.A sales agricultural land in urban area and Capital Gain Rs.34 Lakhs. For claiming 54B, Mr.A purchase another agricultural land in his wife name(Mrs.A) for Rs.42 Lakhs.

query is, Mr.A claim that amount? because C.G amount invested in Mrs.A

28 July 2020 As the land is purchased in the name of his wife A can't claim exemption.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries