Capital gain
This query is : Resolved
13 February 2014
SIR, ONE OF MY CLIENT HAS MADE CAPITAL GAIN OF 700000. HE WANT TO TAKE EXEMPTION U/S 54 OF CAPITAL GAIN. MY QUESTION IS AS HE HAS ALREADY ONE HOUSE. CAN HE PURCHASED ANOTHER HOUSE ONLY FOR AVAILING BENEFIT OF SEC.54?
13 February 2014
Yes. Section 54 doesnt prohibit that...the condition u r referring to is applicable to section 54f
15 February 2014
THANKS........................
15 February 2014
you are welcome.............
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
- Cgst asmt - 10
- RELATED TO ITR OF POLITICAL PARTY
- Charity work ISD
- E-Invoice applicability related question
- CAN a GSTIN registered under rule 14A opt for composition scheme without withdrawal from rule 14A ??
- Rejection of the application for the registration of a society in Andhra Pradesh state
- Expenses in f&o trading
- REFUND OF TDS CLAIM
- How to file form ITR-B Detailes manner as per rule 12AE income tax rules,1962
- Employee claim Expnese Invoices
- Fy 22-23 --> tyed more in gst 3b vs 2b, any interest?
- INCOME TAX QUERY FY25-26()\
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
