Capital Gain Reinvestment
This query is : Resolved
31 July 2023
Assessee Sale Residential property in 2022-23 and invested the amount in New Residential property and part payment made (which is morethen total sales consideration)
But the possession or registration to be made in 2028 (after three years)
Is he elgible to take exemption on payment base or registration is compulsory within three years. ?
But the possession or registration to be made in 2028 (after three years)
Is he elgible to take exemption on payment base or registration is compulsory within three years. ?
31 July 2023
As such completion of construction or possession is required within three years. You may have to go for appeal if the ITD do not consider the exemption.
11 September 2024
Good Luck.
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
- SEC 54 OF IT ACT
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Is Aadhar PAN linking required for opening bank account?
- Form 26QB for TDS on property
- Whether still royalty
- TDS NUMBER SURRENDER
- Payable outstanding for years disallowance
- DTCP approval
- BLOCKED-INELIGIBLE GST CREDIT
- Regarding Form 15CA & CB
- 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.
- Regarding einvoice taken on nil rated sales
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
