Capital gain
This query is : Open
10 July 2013
I AM HAVING SELF OCCUPIED RESIDENTIAL FLAT.I HAVE SOLD DURING THE YEAR 2013 PLOT OF LAND WHICH WAS ACQUIRE IN 1988 AND THE SALE PROCEEDS INVESTED IN ANOTHER RESIDENTIAL UNIT WHETHER LT GAIN ON SALE OF PLOT IS EXEMPTED U/S 54F BEING REINVESTED IN RESIDENTIAL UNIT OR NOT
11 July 2013
IN THE ABSENCE OF FULL STOP OR ANY PUNCTUATION IT IS DIFFICULT TO ASCERTAIN WHETHER YOU HAVE SOLD PLOT SEPARATELY FROM THE FLAT HOWEVER CAPITAL GAINS WILL BE EXEMPT U/S 54F.
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12 July 2013
I AM HAVING SELF OCCUPIED RESIDENTIAL FLAT.I HAVE SOLD DURING THE YEAR 2013 PLOT OF LAND WHICH WAS ACQUIRE IN 1988 AND THE SALE PROCEEDS INVESTED IN ANOTHER RESIDENTIAL UNIT WHETHER LT GAIN ON SALE OF PLOT IS EXEMPTED U/S 54F BEING REINVESTED IN RESIDENTIAL UNIT OR NOT
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