Capital gain tax exemption

644 views 2 replies
User Avatar

OPERATION HEAD(TAX AND AUDIT)
129 Points Joined May 2010

dear all

 

mere pas mera one  resi. house and one resi. plot hai, mene abhi resi. plot sale kar diya or jo sale consideration received hua use apne residential house me contruction me lga diya.( KOI BHI NEW ASSETS PURCHASES NAHI KI HAI)

kya me 54/54F ME REBATE LE SAKTA HU. PLEASE URGENT REPLY KARE 

0 Reply Share Follow
On 15 March 2012 at 17:07 Report
Replies (2)
User Avatar

auditor
117 Points Joined March 2011

Yes. You can avail benefit u/s 54F. The whole of the capital gain is exempt if the cost of the new asset is not less than net sales consideration. else proportionate exemption

Reply
On 15 March 2012 at 18:05
User Avatar

Finance Manager
111 Points Joined May 2011

truly said by binny.

Reply
On 15 March 2012 at 18:12

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading