Agricultural land
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 February 2013
Case:
Sold agricultural land within the radius of 8 KM of Corporation, for Rs. 1 Crore, the said amount is invested partly in Agricultural land and partly in residential house property.
query:
1.Can we claim the exemption u/s 54b and 54f simultaneously?
Or should only be invested in agricultural land to get benefit?
Sold agricultural land within the radius of 8 KM of Corporation, for Rs. 1 Crore, the said amount is invested partly in Agricultural land and partly in residential house property.
query:
1.Can we claim the exemption u/s 54b and 54f simultaneously?
Or should only be invested in agricultural land to get benefit?
21 February 2013
Yes, you can get exemption benefit of both u/s54b and 54f.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding appeal to GSTAT
- Value of property in capital gain
- Copyright software
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- Transporter Declaration form
- LC charges in relation to Asset purchased should be Capitalised ?
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
