Advice on ltcg tax on property sale
This query is : Resolved
19 April 2019
I have sold a property for a consideration value of 35 lacs which is lower then the Circle value price of 44.07 lacs.
but now when i calculate my LTCG it comes to 37.28 lacs (on calculating from the circle value and after taking indexation benefit).
as i am ready to deposit the entire amount of capital gain made into 54EC bonds, do i have to only deposit the actual consideration received or i have to add 2.28 lacs from my pocket and then deposit into 54Ec bonds?
please advice
but now when i calculate my LTCG it comes to 37.28 lacs (on calculating from the circle value and after taking indexation benefit).
as i am ready to deposit the entire amount of capital gain made into 54EC bonds, do i have to only deposit the actual consideration received or i have to add 2.28 lacs from my pocket and then deposit into 54Ec bonds?
please advice
19 April 2019
you need to deposit 37.28 lakh, in order to avail full exemption.
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Disallowance of Section 43B(h) to sez units
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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
Trending Online Classes
CAclubindia
