Captial
This query is : Resolved
14 December 2011
Sir please tell me
One of my freinds sold and land for rs 15 laks.And same amount he deposited in specified bank will he get exemption
And he also earn bank interest on deposited on 15 lakh Now my question is Wheather interest recevied from bank is capital gain
One of my freinds sold and land for rs 15 laks.And same amount he deposited in specified bank will he get exemption
And he also earn bank interest on deposited on 15 lakh Now my question is Wheather interest recevied from bank is capital gain
Guest
Guest
(Expert)
14 December 2011
1. Exemption will be available under section 54.
2. Interest received from bank is not capital gain, In is Income from other sources.
2. Interest received from bank is not capital gain, In is Income from other sources.
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