Capital gain

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 February 2014 dear friends
i want to know that we sale our land purchased in 1986 at cost of 22200 now sale it rs 1100000
now i want to purchase a new house in name of my wife. can i get a deduction in capital gain

15 February 2014 yes...normally house bought in wife's name is allowed for section 54 exemption.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 February 2014 dear not a normally give a correct answer

16 February 2014 dear querist,

in tax, it is normally only. tax assessments/litigation dont have given answers. they are based on facts of each case along with earlier judgments.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 February 2014 can u give me any cse law reference


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


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query