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Capital gain

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29 January 2013 in case of residential property & short term capital gain,any exemption allowed u/s 54?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
29 January 2013 In case Short term capital gain arises on sale of a residential property, exemption is not allowed U/s 54.
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sipukumar

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sipukumar (Querist)
29 January 2013 thnx sir for solve my query. But sir 54G me short term k liye exemption to hai.



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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
29 January 2013 54G is applicable for Industrial Undertaking in an Urban Area whereas query is specifically replied in the context of a Residential House.
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sipukumar

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sipukumar (Querist)
29 January 2013 thanx Sir.
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CA Rakesh Goenka

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CA Rakesh Goenka (Expert)
29 January 2013 Agree with above Expert, he has given u right Answer

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