capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 September 2010
a family residing in a house since 1960, they demolish the same and constructed a apartment consisting of eight residential units and one of them sold for 21 lakhs during the year 2010.can they claim any deduction under section 54 and sub sections,,,,
and one more question if advance received against sale is taxable in the year of sale or in theyear of receipt.
ex advance recived in feb 2010 9 laks
sale deed executed in july 2010.
whether 9 is taxable for the A.Y. 2010-11.
a family residing in a house since 1960, they demolish the same and constructed a apartment consisting of eight residential units and one of them sold for 21 lakhs during the year 2010.can they claim any deduction under section 54 and sub sections,,,,
and one more question if advance received against sale is taxable in the year of sale or in theyear of receipt.
ex advance recived in feb 2010 9 laks
sale deed executed in july 2010.
whether 9 is taxable for the A.Y. 2010-11.
02 September 2010
In case of immovable property the sale is recognised on the date of which the conveyance deed is registered.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- GST rate for millets.
- RCM INVOICING FROM NOV-2024
- Short and Excess provision of expenses
- 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
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
CAclubindia
