Capital gain

This query is : Resolved

Dilip Joshi (Querist)
Follow

04 September 2013 Can anybody help me on how to invest the amount received on sale of land/property.

I heared latest provision is 50% need to invest in some kind of bonds and 50% in purchase of new property.

I do not know what is the latest provision.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

04 September 2013 If you want to know the provisions these are contained mainly in-

Section 54- Sale of Residential House-
Exemption available when you invest capital gains in new residential house.

Section 54F- Sale of ANY CAPITAL ASSET OTHER THAN A Residential House-
Exemption available on the basis of sale consideration invested in new residential house under certain restrictions.

Section 54B- Agriculture land against agriculture land

Section 54EC- Investment in Capital gain Bonds -Limit Rs 50.00 lacs.
.

Dilip Joshi

Dilip Joshi (Querist)
Follow

04 September 2013 Thank you Sir

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Jeegar Valera

Arun Mahaldar

rajeev koolwal

Vinod Patil

madhu Reddy

Subscribe Now

Capital gain

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Senior execiutive

CA Final

Manager- Finance and Compliance

Article Assistant

GST CONSULTANT

Accountant