land

173 views 2 replies
User Avatar

Article assistant
59 Points Joined November 2015
recently I purchased a land and I sold within 1 year whether I will get any tax if yes kindly provide under which sec .
0 Reply Share Follow
On 17 July 2016 at 01:01 Report
Replies (2)
User Avatar

CA
564 Points Joined October 2009

STCG U/S 111 @ 15% . CHECK SECTION 54 FOR EXEMPTION . FOR EXEMTION YOU HAVE TO INVEST MONEY

1 Reply
On 17 July 2016 at 10:19
User Avatar

Chartered Accountant
2229 Points Joined May 2014
Hii Mr.Karan, just to correct you that,you can claim exemption u/s 54 only in case the transferred residential house property is a long term capital asset and such gain is invested in purchase of residential house property.
Reply
On 17 July 2016 at 14:12


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