Are investment in commercial flat is exempted in capital gai
This query is : Resolved
27 April 2013
assesssee has sale residential flat of Rs 5.5 lacs indexation cost of flat Rs 2 lacs and assesssee purchase commercial flat 3.5 lacs are 3.5 lacs exempted under capital gain or taxable under capital gain
27 April 2013
query is not clear..
you cannot claim any exemption u/s 54/54F for purchase of commercial Flat..
it should be of residential use
you cannot claim any exemption u/s 54/54F for purchase of commercial Flat..
it should be of residential use
27 April 2013
SIR WHAT THING YOU DO NOT CLEAR
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
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
