Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 January 2013
ONE PLOT AND ONE HOUSE SOLD IN 2010
MARCH AND AMOUNT DEPOSITED IN CAPITAL GAIN ACCOUNT ON 29-07-2010 AND SUSEQUENT PURCHASE HOUSE IN JAN 2011 OUT OF CAPITAL GAIN ACCOUNT AMOUNT
CAN ONE PURCHASE ONE HOUSE AFTER SELLING 2 PROPERTIES
IN WHAT SEC 54/54F WE CLAIN EXEMPTION OF CAPITAL GAIN ACCOUNT OR PURCHASE OF HOUSE
MARCH AND AMOUNT DEPOSITED IN CAPITAL GAIN ACCOUNT ON 29-07-2010 AND SUSEQUENT PURCHASE HOUSE IN JAN 2011 OUT OF CAPITAL GAIN ACCOUNT AMOUNT
CAN ONE PURCHASE ONE HOUSE AFTER SELLING 2 PROPERTIES
IN WHAT SEC 54/54F WE CLAIN EXEMPTION OF CAPITAL GAIN ACCOUNT OR PURCHASE OF HOUSE
16 January 2013
Yes as after selling your house you do not have any house and as you have deposited the entire amount in Capital Gain account you are eligible for exemption.
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
- Form 121 & TDS deduction
- GST Treatment of Insurance Commission for Existing GST Holder
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- LC charges in relation to Asset purchased should be Capitalised ?
- Invoice V/S Goods receipt Note Date
- Regarding appeal to GSTAT
- Transporter Declaration form
- Filing of MSME 1 form by companies
- 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
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
