Capital gain
This query is : Resolved
04 September 2013
Can anybody help me on how to invest the amount received on sale of land/property.
I heared latest provision is 50% need to invest in some kind of bonds and 50% in purchase of new property.
I do not know what is the latest provision.
I heared latest provision is 50% need to invest in some kind of bonds and 50% in purchase of new property.
I do not know what is the latest provision.
04 September 2013
If you want to know the provisions these are contained mainly in-
Section 54- Sale of Residential House-
Exemption available when you invest capital gains in new residential house.
Section 54F- Sale of ANY CAPITAL ASSET OTHER THAN A Residential House-
Exemption available on the basis of sale consideration invested in new residential house under certain restrictions.
Section 54B- Agriculture land against agriculture land
Section 54EC- Investment in Capital gain Bonds -Limit Rs 50.00 lacs.
.
Section 54- Sale of Residential House-
Exemption available when you invest capital gains in new residential house.
Section 54F- Sale of ANY CAPITAL ASSET OTHER THAN A Residential House-
Exemption available on the basis of sale consideration invested in new residential house under certain restrictions.
Section 54B- Agriculture land against agriculture land
Section 54EC- Investment in Capital gain Bonds -Limit Rs 50.00 lacs.
.
04 September 2013
Thank you Sir
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
- Query Regarding on TDS section 194H and 194J
- NR GST NUMBER
- Fixed Deposit Claim Relinquishment by the Nominee
- Applicability
- ITR 6 Schedule CFL and UD Issues
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- GST Form ADT-02
- TDS RATE ON RENT PAID TO NRI
- Form - 26BQ
- Companies Act FA Excel
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
