regarding exemption of capital gains
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 January 2011
Dear Sir,
Please Clarify whether exemption available if transfer of property and purchase another immovable proerty in agricultural area
Please Clarify whether exemption available if transfer of property and purchase another immovable proerty in agricultural area
Guest
Guest
(Expert)
30 January 2011
Please specify exact nature of both the properties
30 January 2011
First, I want to get clarified that in your question , both the properties sold & bought are Agriculture Lands.
If yes, Exemption U/s 54B is available, subject to certain conditions.
If yes, Exemption U/s 54B is available, subject to certain conditions.
Guest
Guest
(Expert)
30 January 2011
Agree with Mr. Bafna
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