Capital gain
This query is : Resolved
21 February 2014
CAN A PERSON CLAIM EXEMPTION UNDER SECTION 54F AND 54EC TOGETHER ON TRANSFER OF SINGLE AGRICULTURAL LAND. PLEASE SPECIFY THE RELEVANT SECTION OR THE RELATED CASE.
21 February 2014
If your agricultural land is situated outside the municipal limit then this not an assets and no tax is applicable but if the agricultural land is within the corporation limit then against sale of agar cultural land you have to purchase agar cultural land for claiming exemption from capital gains.
The deduction under section 54F and 54EC can be claimed provided all the formalities are completed of 54F(4)
The deduction under section 54F and 54EC can be claimed provided all the formalities are completed of 54F(4)
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Regarding Applicability of Tax Audit u/s 44AB
- Putting a heading on received mail
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Consolidated financials
- TDS on TRUST
- Withdrawal in cash from partners capital account by partner
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
