Capital Gain
This query is : Resolved
02 March 2010
if Mr.abc sell his agriculture land situated at urban area which he gets from his Father by operation of law ie as a coparcener from HUF then
1. Can he will liable to pay tax
2. Can he will get exemption if he purchase new land at village area which is non agriculture land
3. Can he will get Exemption if he construct a new house property
4. Can He will get exemption if he invest his money in construction business
5. Can he will purchase a new shop & give it on Rent
Please give me answer or mail me at
kaustubhraut486@rediffmail.com
Thanking You
Kaustubh
1. Can he will liable to pay tax
2. Can he will get exemption if he purchase new land at village area which is non agriculture land
3. Can he will get Exemption if he construct a new house property
4. Can He will get exemption if he invest his money in construction business
5. Can he will purchase a new shop & give it on Rent
Please give me answer or mail me at
kaustubhraut486@rediffmail.com
Thanking You
Kaustubh
03 March 2010
1.he will be liable for tax.
2. he will get exemption only if he purchase agriculture land whether urban or rural.
3. he can claim deduction u/s 54 F if other conditions mention therein satisfied.
4. no exemption if he invest his money in construction business.
5.no exemption
2. he will get exemption only if he purchase agriculture land whether urban or rural.
3. he can claim deduction u/s 54 F if other conditions mention therein satisfied.
4. no exemption if he invest his money in construction business.
5.no exemption
Message likes :
1 times
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
- GST Regis.
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Sale of property furniture sale
- Filing of Form 10BB instead of Filing Form 10B
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- 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?
Trending Online Classes
CAclubindia
