section 54
This query is : Resolved
15 January 2011
suppose Mr. purchased residential house property for Rs.1000000/- on 25th december 2010 on 100% loan from the bank.
He sold one of his residential house property in 10th jan 2011 for Rs.1500000/- and capital gain is less than Rs.1000000/-.
will the benefit of section 54 be avalibale since the house is purhased on loan.
He sold one of his residential house property in 10th jan 2011 for Rs.1500000/- and capital gain is less than Rs.1000000/-.
will the benefit of section 54 be avalibale since the house is purhased on loan.
Guest
Guest
(Expert)
15 January 2011
In my opinion, benefit of section 54 will the avalibale.
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
- Inventory of finished goods
- Disallowance of Section 43B(h) to sez units
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Confusion around Form 26QB fields
- GST Regis.
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Tds on building rent monthly
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
