Easy Office
LCI Learning

Capital gain

This query is : Resolved 
Profile Image

Profile Image

(Querist)
06 April 2017 Respected Sir,

I want to know that a person sale a residential house and then purchase agricultural land. Are capital gain exempt and taxable
Profile Image

CA MANISH SAXENA

Profile Image

CA MANISH SAXENA (Expert)
06 April 2017 Hi Vandana,

In your case where sale of residential house and then purchase agricultural land is not covered in any exemption section of Capital Gain Chapter.
So this will be taxable.

Thanks
May connect me on manish.saxena@icai.org
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
06 April 2017 Not exempt taxable...............
Upgrade to CAclubindia Pro. Subscribe Now!


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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links