Capital gain
This query is : Resolved
CA Karnika Pradeep
(Querist)
05 August 2014
As due date of filing of ITR for individuals has passed and amt cannot be invested in CAPITAL GAIN ACCOUNT SCHEME whether one can escape from long term capital gain arising from sale of urban land ??
05 August 2014
if 6 months have not elapsed from date of transfer then can ivest the amount in 54EC caPITAL gain bonds like NHAI or REC upto 50 lacs
CA Karnika Pradeep
(Querist)
05 August 2014
6 months have elapsed. now hat can be done?
05 August 2014
then check whether sec 54 or 54 F can be utilised in this regard.
Nikhil Kaushik
(Expert)
06 August 2014
well dont file the return. you have time till 31 March 2016 to file the return. if you invest the capital gains under section 54/54F by then and file the return under 139(4), you shall get the exemption.
Message likes :
1 times
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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- RCM and same line
- TDS Return Statement Status
- 18% Rent a cab
- ARCA LOGIN
- Closer of business and itc of capital goods
- Rectification under processing even after 6 months cpc portal
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
