Samruddhi
(Professional)
(28 Points)
Replied 08 January 2016
I am having query regarding Capital Gain Exemption.
Assessee has not yet filed the ROI for F.Y 2014-15 & he is liable to LTCG of Rs. 50 lacs approx. & also has not deposited an amount in CGAS so how can I plan for Tax Saving in this case.Now ROI is required to be filed for the purpose of taking Loan for making of Lift in the property on which capital gain is arising.
Kindly suggest.
Samruddhi
(Professional)
(28 Points)
Replied 16 January 2016
Whether expenditure on furniture purchase is eligible for exemption under section 54 & 54F
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