Capital gain

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Dilip Datta Choudhury (Querist)
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08 July 2015 For the year 2013-14, our assessee sold one land at Punjab of Rs.1,65,00,000/- which purchase price of Rs.25,00,000/-(purchase for the year 2008) and one land at Bldg. at Roychowk, W.B. of Rs.1,13,30,000/- which purchase of Rs.8,65,000/(for the year 2009)-. This total amount he invested new flat at New Delhi of Rs.7,65,00,000/- from own fund and bank loan. Thus please calculated capital gain arises, mentioned capital gain section such as 54 & 54F.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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08 July 2015 if the amount recieved from selling 2 land is not utilised for purchasing the new property then it shall be taxable as capital gain

Rupesh Jain

Rupesh Jain (Expert)
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08 July 2015 YOU HAVE TO BUY THE NEW PRORPERTY FORM SALE PROCEEDS OF OLD PRORPERTY THEN YOU CAN SAVE THE TAX. BUT AT RPESENT YOU HAVE TO PAY THE TAX.

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