Exemption in Capital Gain
This query is : Resolved
04 August 2008
Sir,
An assessee purchase a land in sep. 2005 and sold a part of it in july 2008 and earn capital gain. How Can assessee avail exemption u/s 54?
An assessee purchase a land in sep. 2005 and sold a part of it in july 2008 and earn capital gain. How Can assessee avail exemption u/s 54?
04 August 2008
It is a short term gain and no exemption is available u/s 54, 54B or 54F.
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