CAPITAL GAINS

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 March 2011 Hello,

An assessee has sold his residential flat (held for more than 3 years).The sale proceeds are received part in F Y 2010-11 and the part will be received in F Y 2011-12. I want to know in which year will the assessee be liable for LTCG. He has purchased a new flat but will make the payment for the same in the F Y 2011-12 but before 31.07.11.

16 March 2011 In FY 2010-11 fully taxable subject to other exemptions available u/s 54. As full facts with dates are not available hence refer dates carefully.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries