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
https://www.incometaxindia.gov.in/Pages/acts/income-tax-act.aspx
https://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.
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