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capital gain

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02 February 2011 whether the capital gain arises from the sale of Agricultural land(delhi) and commercial property can be saved by investing u/s 54 and how under which sub-section?

02 February 2011 Long Term Capital Gain on Agricultural Land is not taxable as per sectoin 10(37)*conditions applied.

LTCG on Commercial Property can be saved only u/s 54F or 54EC not under 54.

If there is STCG on Agricultural Land & Commercial Property then this cannot be saved under any section of Capital Gain.

Regards!!!
Dinesh S. Adhikari

02 February 2011 If condition u/s 10(37) is not satisfied, in that case you can save Long Term Gain on transfer of Agricultural Land as per section 54B of the IT Act


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02 February 2011 Agree with experts.



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