Capital gain
This query is : Resolved
14 August 2016
i have made LTCG by selling shares of a Pvt. Ltd. Co.
.
If i invest entire sale proceeds in buying a another house ( 2nd house), within the specified time limit will i get set off ?
Pl. advise?
Pankaj Ajmera
.
If i invest entire sale proceeds in buying a another house ( 2nd house), within the specified time limit will i get set off ?
Pl. advise?
Pankaj Ajmera
14 August 2016
As this is a Pvt Ltd Company, it would come under unlisted Equity.
Kindly provide Date of Purchase and Date of sale, so that right solution can be provided.
Kindly provide Date of Purchase and Date of sale, so that right solution can be provided.
14 August 2016
do go through 54F which has a RESTRICITIVE condition
http://www.incometaxindia.gov.in/Pages/acts/income-tax-act.aspx
http://www.incometaxindia.gov.in/Pages/acts/income-tax-act.aspx
18 August 2016
Date of purchase of shares of Pvt Ltd Co- 1-10 -2009
Date of sale of shares of Pvt Ltd Co.-1-6-2016.
LTCG after indexation.- Rs. 42 lakh.
Date of purchase of 2nd house-1-7-2016 for Rs..80lacs.
Can i get set off of LTCG against the purchase of 2nd house as said above.
Pl. advise.
Date of sale of shares of Pvt Ltd Co.-1-6-2016.
LTCG after indexation.- Rs. 42 lakh.
Date of purchase of 2nd house-1-7-2016 for Rs..80lacs.
Can i get set off of LTCG against the purchase of 2nd house as said above.
Pl. advise.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- FORM 26A APPLICABILITY
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
