Capital gain

This query is : Resolved

Surbhi Joshi (Querist)
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27 September 2013 if I had sold and industrial land and again purchase another industrial land with it , and there is no compulsory acquisition so can I get exemption in any way

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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27 September 2013 Refer sec 54 for more details.

CA Pallav Singhania

CA Pallav Singhania (Expert)
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27 September 2013 You can Claim Exemption U/S 54F in respect of purchase of House Property,

Or Can Claim U/S 54 EC in respect of investing in NHAI or RECL bonds..

Section 54D can not be claimed as I'm concerned in respect of purchase of industrial undertaking...
As its for compulsorily acquisition...

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