Capital gain
This query is : Resolved
29 January 2013
in case of residential property & short term capital gain,any exemption allowed u/s 54?
CA PARAS BAFNA
(Expert)
29 January 2013
In case Short term capital gain arises on sale of a residential property, exemption is not allowed U/s 54.
29 January 2013
thnx sir for solve my query. But sir 54G me short term k liye exemption to hai.
CA PARAS BAFNA
(Expert)
29 January 2013
54G is applicable for Industrial Undertaking in an Urban Area whereas query is specifically replied in the context of a Residential House.
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CA Rakesh Goenka
(Expert)
29 January 2013
Agree with above Expert, he has given u right Answer
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