Capital gain
Querist : Anonymous
it was purchased in the year 1980
i want to know what should be done to avail the deduction from LTCG by investing the sales proceeeds as the CG Bonds were not purchased within september 2013 (6months)
and
the assessee has already 2 house property in his name
kindly give the best possible solution to avail deduction u/s 54
waiting for quick reply
.
In your case Section 54F was supposed to be
providing you the benefit. But the scheme of Section 54F is also not applicable.
.
So, in my view, there were two alternatives only and both are not beneficial to the assessee, so he may be advised to pay LTCG tax to avoid Interest U/s 234C.
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- TDS _Long term Capital Gain ref.sec 214 Table 2
- F&O reporting in ITR
- Residential status of non resident
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
