Long term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 March 2012
sir,
invested Rs. 20 lacs in house property self occupied in 2006 . Now selling at Rs. 2.25 cr . How to save capital gain tax. thanx
invested Rs. 20 lacs in house property self occupied in 2006 . Now selling at Rs. 2.25 cr . How to save capital gain tax. thanx
25 March 2012
To save the tax you should invest the capital gains in a residential house property before the due date of filing the return.
This property can be either purchased or constructed.
However, if you are unable to invest the amount before the due date, then you have to deposit the amount in a Capital Gain Scheme Account with a nationalised bank.
This property can be either purchased or constructed.
However, if you are unable to invest the amount before the due date, then you have to deposit the amount in a Capital Gain Scheme Account with a nationalised bank.
25 March 2012
Agree with MR Siddhartha Ji
26 March 2012
Agree with Mr. Siddharth
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?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- 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
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
