Capital gain
This query is : Resolved
17 December 2012
I want to ask one query of Capital Gain.
There is Person X who acquired the right of property from the Housing society of Rs 4,00,000 in 2004 and Now in 2012 He sales the Right to another person of sales consideration of Rs 19,00,000. Now, There is Long Term Capital Gain. Now the Person X want To save The tax And Want (Tax Planning).
Kindly Revert Back as soon as Possible
There is Person X who acquired the right of property from the Housing society of Rs 4,00,000 in 2004 and Now in 2012 He sales the Right to another person of sales consideration of Rs 19,00,000. Now, There is Long Term Capital Gain. Now the Person X want To save The tax And Want (Tax Planning).
Kindly Revert Back as soon as Possible
17 December 2012
1.He can save tax by investing in Capital Gains Bonds U/s 54EC.
.
2. He can save tax by investing in a Residential House provided he is not having more than one house on the date of transfer of right in the Society's property.
.
3. He may opt to take partial benefits under 1 and 2 above.
.
2. He can save tax by investing in a Residential House provided he is not having more than one house on the date of transfer of right in the Society's property.
.
3. He may opt to take partial benefits under 1 and 2 above.
Message likes :
1 times
18 December 2012
Thanks can MR X Save all capital gain
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
- Fixe term employment
- Is any professional CA is here please reply
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Gift Received from nonblood relative
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- Section 50-fixed asset-->building ceases to exist
- Putting a heading on received mail
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
