Capital gain on sale old house
This query is : Resolved
02 March 2025
Sir,
I have sale an old house for 40lak on 01/01/2024.
But till today on 02/03/2025 i have only received 20lak .
Now i want to take the benefit of sec 54 or 54EC , thought i have not received full amount ,how to take benefit.
Please suggest
I have sale an old house for 40lak on 01/01/2024.
But till today on 02/03/2025 i have only received 20lak .
Now i want to take the benefit of sec 54 or 54EC , thought i have not received full amount ,how to take benefit.
Please suggest
03 March 2025
generally the assessee makes claim that lack of receipt of consideration should lead to cancellation of sales and hence, no capital gains. There are several case laws for that. However, in case you are not disputing the sale itself, then the capital gains shall remain taxable and you may have to manage cash to reinvest for claiming the exemption.
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
- Presumptive tax individual
- Non receipt of net payment but TDS filed later and ITR revised return not filed
- GST implication in case of Proprietor
- Difference in invoice
- Due diligence of NBFC (To raise Investment from Lender)
- Share trading activity as Business income
- Trade Union Income tax Return
- Tax on Equity Mutual Fund
- Trade Union Income Heads Classification
- Partnership Deed -Additional Reg
- Income tax return filed u/s 148 of the IT Act
- Separate line of business using additional trade name - Reg.
- Regarding income tax.
- Appeal before CIT(A) due to denial of 87A rebate on special income for AY 24-25
- Regarding sale of land
- CSR- contribution to charitable trust
- Exempted Income - Sec 10(10D)
- REGARDING DEMAND PAYMENT
- Query on Salary structure
- Rent Due TDS and GST Impact
Trending Online Classes
CAclubindia
