Capital gain
This query is : Resolved
ASHOK KUMAR
(Querist)
05 June 2014
D. Sir,
one of my client sale a piece of Land on 13.03.14 for Rs. 5.00 Lakh and one more Land on 14.05.2014 Rs. 12.00 lakh and also purchase a building worth Rs. 20.00 lakh.
my query is what is the tax treatment for Assessment Year 2014-15 and Assessment Year 2015-16
one of my client sale a piece of Land on 13.03.14 for Rs. 5.00 Lakh and one more Land on 14.05.2014 Rs. 12.00 lakh and also purchase a building worth Rs. 20.00 lakh.
my query is what is the tax treatment for Assessment Year 2014-15 and Assessment Year 2015-16
Amol S Joglekar
(Expert)
05 June 2014
client can avail exemption of the building for both the sale
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