Capital gains
This query is : Resolved
23 December 2011
There is long term capital gain from sale of residential property in F.Y. 2010-11. now, the assessee has constructed a new house and invested the amount in the construction in 2011-12 but has not made the agreement before the due date of furnishing return and has not filed the return for F.Y. 2010-11 till date. then will the benefit of exemption be available at this point?
24 December 2011
Yes benifit will be provided.
He can file the return of FY 2010-11, and claim the same as deduction.
But please File ITR.
He can file the return of FY 2010-11, and claim the same as deduction.
But please File ITR.
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?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- 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
- Event company query
- 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
Trending Online Classes
CAclubindia
