Capital gain
This query is : Resolved
04 May 2015
Sir,
One of our assessees sold a long term capital asset during the year 2011-12 and deposited in capital gain scheme u/s 54F. and during the year 2012-13 this amount utilised as advanced to purchase of residential house. but due to some unavoidable reasons he didnot get possession and conveyance deed. he only gave advance and he cannot afford to pay the remaining amount.the claim u/s54F will forfeit or not?
One of our assessees sold a long term capital asset during the year 2011-12 and deposited in capital gain scheme u/s 54F. and during the year 2012-13 this amount utilised as advanced to purchase of residential house. but due to some unavoidable reasons he didnot get possession and conveyance deed. he only gave advance and he cannot afford to pay the remaining amount.the claim u/s54F will forfeit or not?
04 May 2015
Yes the claim u/s 54F will forfeit.
04 May 2015
thank you so much sir
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
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Form 10BD Filling
- Registration as Authorised Representative of minor
- ESIC- Employee Registration
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
