capital gain
This query is : Resolved
02 February 2011
whether the capital gain arises from the sale of Agricultural land(delhi) and commercial property can be saved by investing u/s 54 and how under which sub-section?
02 February 2011
Long Term Capital Gain on Agricultural Land is not taxable as per sectoin 10(37)*conditions applied.
LTCG on Commercial Property can be saved only u/s 54F or 54EC not under 54.
If there is STCG on Agricultural Land & Commercial Property then this cannot be saved under any section of Capital Gain.
Regards!!!
Dinesh S. Adhikari
LTCG on Commercial Property can be saved only u/s 54F or 54EC not under 54.
If there is STCG on Agricultural Land & Commercial Property then this cannot be saved under any section of Capital Gain.
Regards!!!
Dinesh S. Adhikari
02 February 2011
If condition u/s 10(37) is not satisfied, in that case you can save Long Term Gain on transfer of Agricultural Land as per section 54B of the IT Act
Guest
Guest
(Expert)
02 February 2011
Agree with experts.
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?
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- 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
Trending Online Classes
CAclubindia
